Gains in the prices of MTN Nigeria and other 26 stocks lifted the activities on the floor the Nigerian equity market on Wednesday to a higher close as the All Share Index appreciated by 0.80% to settle at 104,230.73 points from the previous close of 103,398.82 points.
The Market Capitalisation grew by 0.81% to close at N63.559 trillion from the previous close of N63.051 trillion, thereby gaining N508 billion.
An aggregate of 756 million units of shares were traded in 13,551 deals, valued at N24.7 billion.
The Market Breadth closed negative as 27 equities appreciated in their share prices against 28 that declined in their share prices.
Percentage Gainers
MTN Nigeria and TRANSCORP led other gainers with 10.00% growth each to close at N220.00 and N49.50 from the previous close of N200.00 and N45.00 respectively.
Honeywell Flour, AIICO and Living Trust Insurance among other gainers also grew their share prices by 9.95%, 9.94% and 9.82% respectively.
Percentage Losers
Sunu Assurance, Universal Insurance, Secure Electronic and Technology led other price decliners as they shed more than 8.00% each of their share prices.
Volume Drivers
TANTALIZER traded about 83 million units of its shares in 192 deals, valued at about N195.7 million.
Universal Insurance traded about 89 million units of its shares in just 309 deals, valued at N40.6 million.
AIICO traded about 54 million units of its shares in 352 deals, valued at N101 million.