Equity market extends gain by N43bn

The Nigerian equity market on Monday closed on a positive note as the All Share Index appreciated further 0.28% to settle at 28,777.96 points from the previous close of 28,697.06 points.

Market Capitalisation grew by 0.28% to N15.042 trillion from the previous close of N14.999 trillion, which translates to N43 billion gain.

An aggregate of 340.8 million units of shares were traded in 4,235 deals, valued at N5.56 billion.

Market Breadth 

The market breadth closed positive as 27 equities gained while 15 equities declined in their share prices.

Percentage Gainers

Custodian Investment led other gainers with 10% growth to close at N5.50 from the previous close of and N5.00.

NPF Microfinance Bank and Etranzact among other gainers also grew their share prices by 9.70% and 7.73% respectively.

Percentage Losers

Morrison Industries Plc led other decliners as it shed 10% of its share price to close at N0.54 from the previous close of N0.60.

Consolidated Hallmark Insurance and NASCON Allied Industries among other price decliners also shed their share prices by 8.82% and 8.39% respectively.

Volume Drivers

Guaranty Trust Bank traded about 56.79 million units of its shares in 226 deals, valued at about N1.74 billion.

Zenith Bank traded about 47.79 million units of its shares in 336 deals, valued at N1.01 billion.

Coronation Insurance Plc (formerly Wapic Insurance) traded about 40.05 million units of its shares in 36 deals, valued at N14.76 million.

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