Investors gain N20bn as stock market advances by 0.10%

The equity market on Thursday continued its upward journey as the All Share Index appreciated by 0.10% to settle at 39,210.10 points from the previous close of 39,170.95 points.

Investors gained N20 billion as the Market Capitalisation grew by 0.10% to close at N20.437 trillion from the previous close of N20.417 trillion.

An aggregate of 158.37 million units of shares were traded in 3,330 deals, valued at N2.24 billion.

The Market Breadth closed positive as 19 equities appreciated in their share prices against 15 equities that declined in their share prices.

Percentage Gainers

  • Linkage Assurance led other gainers with 9.09% growth to close at N0.60 from the previous close of N0.55.
  • PZ and May & Baker among other gainers also grew their share prices by 7.14% and 5.00% respectively.

Percentage Losers

  • CWG led other price decliners as it shed 9.60% of its share price to close at N1.13 from the previous close of N1.25.
  • Consolidated Hallmark Insurance and ABC Transport among other price decliners also shed their share prices by 8.97% and 7.50% respectively.

Volume Drivers

  • Zenith Bank traded about 27.32 million units of its shares in 369 deals, valued at N629.22 million.
  • Sterling Bank traded about 22.02 million units of its shares in 152 deals, valued at N35 million.
  • UBA traded about 21.69 million units of its shares in 241 deals, valued at N154.23 million.

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