The Nigerian stock market on Monday closed higher, extending the bullish run as the All Share Index grew by 1.74% to close at 159,215.48 points from the previous close of 156,492.36 points.
The Market Capitalisation grew by 1.87% to close at N101.807 trillion from the previous close of N99.938 trillion, thereby adding N1.87 trillion.
An aggregate of 695.6 million units of shares were traded in 56,632 deals, valued at N18.6 billion.
The Market Breadth closed positive as 73 equities emerged as gainers against 7 that declined in their share prices.
Percentage Gainers
CADBURY, Champion Breweries, WAPIC, FIDSON, PZ, FTN COCOA, Secure Electronic Technology, ABBEYBUILDING, May & Baker and Regency Alliance with 10.00% growth each led the long gainers table to close higher above their previous closes
Percentage Losers
JULI led other price decliners as it shed 9.93% of its share price to close below the previous close, from N8.06 from N7.26
Ikeja Hotel and Sunu Assurance among other price decliners also shed their share prices by 9.91% and 4.55% respectively.
Volume Drivers
TANTALIZER traded about 72 million units of its shares in 508 deals, valued at N181.8 million.
Zenith Bank traded about 53 million units of its shares in 2,571 deals, valued at N3.5 billion.
Linkage Assurance traded about 52 million units of its shares in 338 deals, valued at N93 million