Stock market extends gains, closes 0.15% higher

The Nigerian stock market on Monday extended the bullish trend to three straight sessions as the All Share Index grew by 0.15% to close at 44,461.63 points from the previous close of 44,396.73 points.

The Market Capitalisation appreciated by 0.14% to close at N24.217 trillion from the previous close of N24.182 trillion, thereby adding N35 billion.

An aggregate of 72 million units of shares were traded in 2,887 deals, valued at N2.169 billion.

The Market Breadth closed negative as 6 equities emerged as gainers against 16 equities that declined in their share prices.

Percentage Gainers

Redstar Express led other gainers with 8.22% growth to close at N2.37 from the previous close of 2.19.

BETAGLAS, WAPIC and ARDOVA among other gainers also grew their share prices by 5.90%, 5.88% and 2.19% respectively.

Percentage Losers

UNILEVER led other price decliners as it shed 10.00% of its share price to close at N10.80 from the previous close of N12.00.

Nem Insurance and LASACO among other price decliners also shed their share prices by 9.50% and 4.60% respectively.

Volume Drivers

NGXGROUP traded about 5.6 million units of its shares in 44 deals, valued at N120 million.

GTCO traded about 5 million units of its shares in 329 deals, valued at N97 million.

AIRTEL AFRICA traded about 1.2 million units of its shares in 81 deals, valued at N1.489 billion.

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