The Nigerian equities market on Wednesday resumed activities after the two-day holiday declared by the Federal Government to mark the Eid-el Fitr 2020 celebration.
Trading activities closed on a positive note as the All Share Index grew by 0.07% to settle at 25,221.23 points from the previous close of 25,204.75 points.
Investors gain N8 billion as market capitalisation appreciated by 0.06% to close at N13.144 trillion from the previous close of N13.136 trillion.
An aggregate of 581.6 million units of shares were traded in 7,759 deals, valued at N5.59 billion.
Market Breadth
The market breadth closed positive as 32 equities appreciated in their share prices while 11 equities declined in their share prices.
Percentage Gainers
Nigerian Breweries led other percentage gainers with 10% growth, closing at N43.45 from the previous close of N39.50.
Stanbic IBTC, May & Baker, Glaxo Smithkline Consumer Nigeria, Access Bank, Skyway Aviation, First Bank of Nigeria Holdings and Ikeja Hotel among other gainers also grew their share prices by 9.98%, 9.96%, 9.79%, 9.70%, 9.66%, 9.62% and 9.57% respectively.
Percentage Losers
Ardova Plc led other price decliners, shedding 10% of its share price to close at N14.40 from the previous close of N16.00.
Regency Alliance, Afromedia and Transcorp Plc among other price decliners also shed their share prices by 8.70%, 7.14% and 6.49% respectively.
Volume Drivers
- First Bank of Nigeria Holdings (FBNH) traded about 120.86 million units of its shares in 643 deals, valued at N681.87 million.
- Zenith Bank traded about 67.27 million units of its shares in 803 deals, valued at N1.19 billion.
- Guaranty Trust Bank traded about 62.69 million units of its shares in 630 deals, valued at N1.54 billion.