Investors gain N162bn as equities market grew further by 1.47%

The Nigerian equities market on Thursday closed on a positive note as the All Share Index rose further 1.47% to settle at 21,384.03 points from the previous close of 21,073.26 points on Wednesday.

Market Capitalisation hits N11.144 trillion, up by 1.48% from the previous close of N10.982 trillion, thereby gaining N162 billion.

Aggregate volume of traded stocks closed at 314.9 million units, down by 9 09% from the previous close of 346.4 million units.

The value of traded stocks was N5.02 billion, down by 3.78% from the previous close of N5.22 billion.

Total number of deals at the close of trade was 5,427, up by 16.46% from the previous close of 4,660 deals.

Market Breadth

The market breadth closed positive as 24 equities gained while 12 equities declined in their share prices.

 

Percentage Gainers

Dangote Sugar led other percentage gainers with 9.74% growth, closing at N10.70 from the previous close of N9.75.

UBA grew its share price by 9.73% to close at N6.20 from the previous close of N5.65.

Cadbury and LASACO both grew their share prices by 9.52% respectively among other gainers.

 

Percentage Losers

OMATEK led other price decliners, shedding 8.82% of its share price to close at N0.31 from the previous close of N0.34.

Chams Plc and Unity Bank among others both shed 8.70% of their share prices respectively.

 

Volume Drivers

First Bank of Nigeria Holdings (FBNH) traded about 56 million units of its shares in 527 deals, valued at N261.55 million.

UBA traded about 37.77 million units of its shares in 316 deals, valued at N228.43 million.

WAPCO (Lafarge) traded about 34.99 million units of its shares in 435 deals, valued at N444 million.

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