Buying Pressure pushes market back to a bullish close of 0.31%

Thursday’s renewed buying pressure pushed Nigerian stock market back to bull territory after living with the bear for four consecutive trading sessions.

The All Share Index was up by 0.31% to close at 141,149.04 points from the previous close of 140,716.10 points.

The Market Capitalisation grew by 0.31% to close at N89.343 trillion from the previous close of N89.063 trillion, thereby adding N280 billion.

An aggregate of 5.5 billion units of shares were traded in 20,399 deals, valued at N419.7 billion.

The Market Breadth closed positive as 34 equities emerged as gainers against 22 equities that declined in their share prices.

Percentage Gainers

MECURE led other gainers with 9.89% growth to close at N26.10 from the previous close of 23.75.

OANDO and MCNICHOLS among other price decliners also shed their share prices by 9.31% and 9.24% respectively.

Percentage Losers

ETERNA OIL led other price decliners as it shed 10.00% of its share price to close at N27.90 from the previous close of N31.00.

Sovereign Trust Insurance and THE INITIATES among other price decliners also shed their share prices by 4.84% and 3.84% respectively.

Volume Drivers

Consolidated Hallmark Holding traded about 333 million units of its shares in 103 deals, valued at N1.26 billion.

Sterling Bank traded about 105 million units of its shares in 513 deals, valued at N772 million.

Zenith Bank traded about 46 million units of its shares in 1,094 deals, valued at N3 billion.

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