The Nigerian equities market on Wednesday closed on a positive note as the All Share Index appreciated by 0.47% to settle at 24,595.05 points from the previous close of 24,479.22 points on Tuesday.
Investors gain N60 billion as market capitalisation grew by 0.47% to settle at N12.830 trillion from the previous close of N12.770 trillion.
An aggregate of 198 million units of shares were traded in 3,772 deals, valued at N3.14 billion.
Market Breadth
The market Breadth closed negative as 12 equities appreciated in their share prices and 22 equities declined in their share prices.
Percentage Gainers
Cadbury led other percentage gainers with 9.63% growth, closing at N7.40 from the previous close of N6.75.
Sterling Bank grew its share price by 9.60% to close at N1.37 from the previous close of N1.25.
Chams Plc and Japaul Oil among other gainers also both grew their share prices by 9.52% respectively.
Percentage Losers
Neimeth Pharmaceuticals led other price decliners as it sheds 9.70% of its share price to close at N1.49 from the previous close of N1.65.
Learn Africa and Wapic Insurance among other price decliners also shed their share prices by 7.69% and 5.71% respectively.
Volume Drivers
- Wapic Insurance traded 30.28 million units of its shares in 21 deals, valued at N11 million.
- UPDC Real Estate Investment Trust Plc traded 22.29 million units of its shares in 18 deals, valued at N79.68 million.
- UBA traded 20.2 million units of its shares in 286 deals, valued at N123.5 million.