Investors gain N14bn as stock market advances by 0.05%

The Nigerian stock market on Monday closed on a bullish note as the All Share Index appreciated by 0.05% to close at 40,243.05 points from the previous close of 40,221.17 points.

Investors gained N14 billion as Market Capitalisation grew by 0.07% to close at N20.970 trillion from the previous close of N20.956 trillion.

An aggregate of 202.36 million units of shares were traded in 4,066 deals, valued at N1.86 billion.

The Market Breadth closed positive as 23 equities emerged as gainers against 14 equities that declined in their share prices.

Percentage Gainers

AXA Mansard led other gainers with 9.87% growth to close at N2.56 from the previous close of N2.33.

Pharmadeko, University Press and Consolidated Hallmark Insurance among other gainers also grew their share prices by 9.79%, 9.76% and 8.77% respectively.

Percentage Losers

Morison led other price decliners as it sheds 10% of its share price to close at N1.89 from the previous close of N2.1.

Northern Nigerian Flour Mills, Veritas Kapital Assurance and Cornerstone Insurance among other price decliners also shed their share prices by 9.94%, 8.70% and 8.62% respectively.

Volume Drivers

Fidelity Bank traded about 18.95 million units of its shares in 169 deals, valued at N46.77 million.

GTCO traded about 18.27 million units of its shares in 311 deals, valued at N512.4 million.

FBNH traded about 18.15 million units of its shares in 200 deals, valued at N147.87 million.

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