For five consecutive trading days in the year 2020, the Nigerian stock market has been on the uptrend as the All Share Index on Wednesday rose by 3.54% to close at 28,562.48 points away from the previous close of 27,586.93 points on Tuesday.
Market capitalisation grew by 3.54%, to close at N13.787 trillion away from the previous close of N13.316 trillion.
Volume of traded stocks closed at 741.82 million units, up by 66.18% away from the previous close of 446.38 million units.
The value of traded stocks grew by 58.36%, closing at N9.22 billion from the previous close of N5.82 billion.
Total number of deals at the close of trade was 7,622, up by 33.09% against the previous close of 5,727 deals on Tuesday.
Market Breadth
The market Breadth closed positive as 37 stocks gained while 11 stocks declined in their share prices.
Percentage Gainers
First Bank of Nigeria Holding (FBNH) and Union Diagnostics both led other gains with 10% growth to close at N7.7 and N0.22 respectively.
Julius Berger, Conoil, Cornerstone Insurance, Union Bank and Dangote Cement among other gainers also grew their share prices by 9.80%, 9.74%, 9.52%, 9.48% and 9.33% respectively.
Percentage Losers
Tripple Gee Plc, UPDC Real Estate Investment Trust, Thomas Wyatt and UAC Properties among other price decliners shed their share prices by 9.38%, 8.99%, 7.89% and 7.41% respectively.
Volume Drivers
- UBA traded about 156 million units of its shares in 830 deals, valued at about N1.4 billion.
- Zenith Bank traded about 86 million units of its shares in 889 deals, valued at N1.89 billion.