The Nigerian stock market closed higher in a yet another significant bullish session, making it four straight gains out of the last four trading sessions.
The All Share Index rose by 1.63% to close at 114,616.75 points from the previous close of 112,781.73 points.
Market capitalisation on grew by 1.63% to close at N72.275 trillion from the last close of N71.118 trillion on Wednesday, adding N1.157 trillion.
An aggregate of 1.46 billion units of shares were traded in 16,410 deals, valued at N33 billion.
Market Breadth
The market Breadth closed positive as 40 stocks gained while 22 stocks declined in their share prices.
Percentage Gainers
NGXGROUP and Champion Breweries led the gainers with 10.00% growth each to close the day at N39.60 and N7.70 respectively.
MTN Nigeria, OANDO, MORISON, Cornerstone Insurance and RTBRISCOE also ahead of other stocks grew by over 9.00% of their share prices.
Percentage Losers
Northern Nigeria Flourmills led price decliners’ chart as it shed 9.97% of its share price to close at N125.05 from the previous close of N138.90.
ABC Transport, Legend Internet and Livestock Feeds among other price decliners shed their share prices by 9.77%, 9.49% and 7.82% respectively.
Volume Drivers
Fidelity Bank traded about 830 million units of its shares in 453 deals, valued at N15.97 billion.
Zenith Bank traded about 63 million units of its shares in 729 deals, valued at about N3 billion.
GTCO traded about 31 million units of its shares in 568 deals, valued at about N2 billion.