Stock market advances with N18bn gain

Trading activities on the floor of the Nigerian Stock Exchange closed on a positive note as the All Share Index appreciated further by 0.13% to settle at 25,204.60 points from the previous close of 25,171.32 points on Wednesday.

Market capitalization grew by 0.14% to close at N13.149 trillion from the previous close of N13.131 trillion, thereby gaining N18 billion.

An aggregate of 179.55 million units of shares were traded in 3,055 deals, valued at N2.53 billion.

Market Breadth

The Market Breadth closed positive as 17 equities gained against 11 equities that declined in their share prices.

 

Percentage Gainers

International Breweries led other percentage gainers with 10% growth, closing at N3.30 from the previous close of N3.00.

Cutix Plc, Neimeth and Livestock Feeds among other gainers also grew their share prices by 9.71%, 9.55% and 9.09% respectively.

 

Percentage Losers

Studio Press led other price decliners as it shed 9.60% of its share price to close at N1.79 from the previous close of N1.98.

UAC Properties and ABC Transport among other decliners also shed their share prices by 9.47% and 8.51% respectively.

 

Volume Drivers

  • Transcorp traded about 35.48 million units of its shares in 76 deals, valued at N21.47 million.
  • Guaranty Trust Bank traded about 29.94 million units of its shares in 236 deals, valued at N755.91 million.
  • LASACO traded about 11.86 million units of its shares in 28deals, valued at N3.51million.

 

 

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