Investors gain N112bn as stock market advances by 0.49%

The Nigerian stock market on Tuesday closed on a positive note, occasioned by 4.39% gain in the share price of Airtel Africa.

The All Share Index appreciated by 0.49% to close at 43,444.20 points from the previous close of 43,230.34 points.

The Market Capitalisation grew by 0.50% to close at N22.672 trillion from the previous close of N22.560 trillion, thereby gaining N112 billion.

An aggregate of 423.83 million units of shares were traded in 4,181 deals, valued at N11.65 billion.

The Market Breadth closed firm as 18 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

Cutix Plc led other gainers with 8.33% growth, closing at N3.25 from the previous close of N3.

Cornerstone Insurance and Consolidated Hallmark Insurance among other gainers also grew there share prices by 7.69% and 6.90% respectively.

Percentage Losers

Total Nigeria led other price decliners as it sheds 9.97% of its share price to close at N216.80 from the previous close of N240.80.

Mutual Benefits and Linkage Assurance among other price decliners also shed their share prices by 6.90% and 5.36% respectively.

Volume Drivers

FBNH traded about 223.58 million units of its shares in 379 deals, valued at N2.758 billion.

Sterling Bank traded about 32.48 million units of its shares in 27 deals, valued at N48.735 million.

Transcorp traded about 24.67 million units of its shares in 127 deals, valued at N24.47 million.

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