The Nigerian equities market on Tuesday closed on a positive as First Bank of Nigeria Holdings (FBNH) led 23 other percentage gainers leaving only 10 equities as price decliners.
The rally in the share price of First Bank Bank Nigeria Holdings could be attributed to market sentiment from 38 kobo declared by the Holding company on Monday.
The All Share Index rose by 1.24%, closing at 20,925.19 points from the previous close of 20,669.38 points on Monday.
Market Capitalisation grew by 1.23% to close at N10.905 trillion from the previous close of N10.772 trillion, thereby gaining N133 billion.
Aggregate volume of traded stocks closed at 1.44 billion units, up by 328.79% from the previous close of 336.43 million units.
The value of traded stocks was N5.57 billion, up by 34.93% from the previous close of N4.13 billion.
Total number of deals at the close of trade was 4,647, up by 11.07% from the previous close of 4,184 deals.
Market Breadth
The market breadth closed positive as 24 equities while 10 equities declined in their share prices.
Percentage Gainers
First Bank of Nigeria Holdings (FBNH) emerged top among 23 other gainers with 10% growth, closing at N4.40 from the previous close of N4.00
Sterling Bank, Fidelity Bank and WAPCO among other gainers also grew their share prices by 9.91%, 9.84% and 9.69% respectively.
Percentage Losers
Cadbury Nigeria led other price decliners, shedding 10% of its share price to close at N6.30 from the previous close of N7.00.
Ardova Plc, AXA Mansard and UAC Properties among other price decliners also shed their share prices by 9.78%, 9.71% and 9.47% respectively.
Volume Drivers
Omoluabi Mortgage Bank traded about 1.1 billion units of its shares in only one deal, valued at N605 million.
Guaranty Trust Bank traded about 161 million units of its shares in 814 deals, valued at N2.9 billion.
FBNH traded about 32.38 million units of its shares in 307 deals, valued at N140.76 million.