Equities market rebounds with 1.70% growth, gains N232bn

The Nigerian stock market on Tuesday halts 7 straight days of losses as the All Share Index grew by 1.70% to settle at 26,255.11 points from the previous close of 25,816.57 points on Monday.

 

Market Capitalisation grew by 1.73% to close at N13.681 trillion from the previous close of N13.449 trillion, gaining N232 billion.

 

Aggregate volume of traded stocks closed at 387.9 million units, up by 19.26% from the previous close of 325.26 million units.

Value of traded stocks declined by 15.77% to close at N5.076 billion from the previous close of N6.02 billion.

Total number of deals at the close of trade was 4,901, down by 3.03% from the previous close of 5,054 deals.

 

Market Breadth

The Market Breadth closed positive as 23 stocks gained while 12 stocks declined in their share prices.

 

Percentage Gainers

PZ led other price percentage gainers with 9.88% growth, closing at N4.45 from the previous close of N4.05.

Skyway Aviation, Access Bank, FBNH and UACN among others grew their share prices by 9.86%, 9.74%, 9.57% and 9.46% respectively.

 

Percentage Losers

  • ABC Transport led other price decliners, shedding 10% of its share price to close at N0.27 from the previous close of N0.30.
  • Dangote Sugar, Okomu Oil and Royal Exchange Assurance among other price decliners shed their share prices by 9.92%, 9.71% and 9.09% respectively.

 

 Volume Drivers

  • Guaranty Trust Bank traded about 83.1 million units of its shares in 913 deals, valued at about N2.01 billion.
  • Zenith Bank traded about 54.55 million units of its shares in 701 deals, valued at about N1.05 billion.

 

 

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