Stock market extends bullish trend, up by 0.56%

The Nigerian stock market on Wednesday extended its bullish trend to second straight session of gains as the All Share Index grew by 0.56% to close at 98,230.92 points from the previous close of 97,685.64 points.

The Market Capitalisation grew by 0.56% to close at N56.447 trillion from the previous close of N56.131 trillion, thereby adding N316 billion.

An aggregate of 361 million units of shares were traded in 9,627 deals, valued at N7.566 billion.

The Market Breadth closed positive as 28 equities emerged as gainers against 26 that declined in their share prices.

Percentage Gainers

SFS Real Estate Investment Trust led other gainers with 9.99% growth to close at N179.45 from the previous close of N163.15

Honeywell Flour, MEYER and Academy Press among other gainers also grew their share prices by 9.96%, 9.95% and 9.89% respectively.

Percentage Losers

Northern Nigerian Flourmills led other price decliners as it shed 10.00% of its share price to close at N39.15 from the previous close of N43.50.

Berger Paints and DEAPCAP among other price decliners also shed their share prices by 9.81% and 9.68% respectively.

Volume Drivers

JAPAULGOLD traded about 64 million units of its shares in just 225 deals, valued at N166 million.

FBNH traded about 27 million units of its shares in 726 deals, valued at N841 million.

UBA traded about 26 million units of its shares in 445 deals, valued at N618 million.

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