Investors gain N163bn as stock market advances by 0.81%

The Nigerian stock market on Tuesday closed on a bullish note, occasioned by gains in the share prices of Airtel and MTN by 5.69% and 1.79% respectively.

The All Share Index appreciated by 0.81% to close at 38,917.99 points from the previous close of 38,604.72 points.

Investors gained N163 billion as the Market Capitalisation grew by 0.81% to close at N20.277 trillion from the previous close of N20.114 trillion.

An aggregate of 231.45 million units of shares were traded in 4,651 deals, valued at N2.13 billion.

The Market Breadth negative as 12 equities appreciated in their share prices against 26 equities that declined in their share prices.

Percentage Gainers

Wema Bank led other gainers with 5.95% growth, closing at N0.89 from the previous close of N0.84.

UDPC, Airtel Africa and Courtville Business Solutions among other gainers also grew their share prices by 5.93%, 5.69% and 4.17% respectively.

Percentage Losers

FTN Cocoa led other price decliners as it shed 8.16% of its share price, closing at N0.45 from the previous close of N0.49.

Honeywell Flour and Mutual Benefit Assurance among other price decliners also shed their share prices by 7.78% and 5.13% respectively.

Volume Drivers

Transcorp traded about 17.48 million units of its shares in 143 deals, valued at N16.56 million.

Jaiz Bank traded about 16.58 million units of its shares in 52 deals valued at N10.24 million.

Honeywell traded about 13.04 million units of its shares in 79 deals, valued at N19.97 million.

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