Investors gain N178bn as NGXASI grows further by 0.73%

The Nigerian equity market on Tuesday closed bullish as the All Share Index grew further by 0.73% to settle at 44,788.14 points from the previous close of 44,461.63 points

Investors gained 178 billion as The Market Capitalisation soared by 0.74% to close at N24.395 trillion from the previous close of N24.217 trillion.

An aggregate of 159 million units of shares were traded in 3,385 deals, valued at N2.7 billion.

The Market Breadth closed negative as 9 equities appreciated in their share prices against 19 equities that declined in their share prices.

Percentage Gainers

BUACEMENT led the gainers with 10.00% growth to close at N68.20 from the previous close of N62.00.

Sunu Assurance, Jaiz Bank and Union Bank of Nigeria among other gainers also grew their share prices by 9.37%, 8.99% and 8.47% respectively.

Percentage Losers

Royal Exchange led price decliners’ table as it shed 9.64% of its share price to close at N0.75 from the previous close of N0.83.

MULTIVERSE, May & Baker and Cornerstone Insurance among other price decliners also shed their share prices by 8.50%, 6.67% and 5.88% respectively.

Volume Drivers

Sterling Bank traded about 24 million units of its shares in 73 deals, valued at about N37.5 million.

Fidelity traded about 10.3 million units of its shares in 108 deals, valued at about N37.89 million.

GTCO traded about 6.3 million units of its shares in 338 deals, valued at N115.7 million.

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