Investors gain N2bn as stock market inches up by 0.01%

The Nigerian stock market on Tuesday closed on a positive note as the All Share Index appreciated by 0.01% to close at 38,920.50 points from the previous close of 38,915.62 points.

Investors gained N2 billion as the Market Capitalisation grew by 0.01% to close at N20.278 trillion from the previous close of N20.276 trillion.

An aggregate of 228.479 million units of shares were traded in 3,376 deals, valued at N1.88 billion.  

The Market Breadth closed negative as 14 equities appreciated in their share prices against 21 equities that declined in their share prices.

Percentage Gainers

UDPC led other gainers with 9.93% growth, closing at N1.66 from the previous close of N1.51.

Academy Press and Courtville Business Solution among other gainers also grew their share prices by 8.33% and 7.41% respectively.

Percentage Losers

Sovereign Trust Insurance led other price decliners as it shed 7.41% of its share price, closing at N0.25 from the previous close of N0.27.

University Press and Regency Assurance among other price decliners also shed their share prices by 6.42% and 6.25% respectively.

Volume Drivers

Wema Bank traded about 46.76 million units of its shares in 54 deals, valued at N35.97 million.

Access Bank traded about 28.24 million units of its shares in 289 deals valued at N263.49 million.

UBA traded about 17.77 million units of its shares in 170 deals, valued at N135.08 million.

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