Investors gain N35bn as stock market rebounds with 0.17% growth

The Nigerian stock market on Thursday closed on a positive note, occasioned by 0.82% growth in the share price of Dangote Cement.

The All Share Index appreciated by 0.17% to close at 39,252.19 points from the previous close of 39,184.18 points.

Investors gained N35 billion as the Market Capitalisation grew by 0.17% to close at N20.451 trillion from the previous close of N20.416 trillion.

An aggregate of 262.14 million units of shares were traded in 3,955 deals, valued at N1.999 billion.

The Market Breadth closed negative as 16 equities appreciated in their share prices against 18 equities that declined in their share prices.

Percentage Gainers

Chams Plc led other gainers with 4.76% growth, closing at N0.22 from the previous close of N0.21.

Prestige Assurance, Wema Bank and AXA Mansard among other gainers also grew their share prices by 4.35%, 3.66% and 3.49% respectively.

Percentage Losers

Unity Bank led other price decliners as it shed 8.62% of its share price, closing at N0.53 from the previous close of N0.58.

Oando and Union Bank among other price decliners also shed their share prices by 7.03% and 6.54% respectively.

Volume Drivers

Access Bank traded about 51.07 million units of its shares in 526 deals, valued at N471.19 million.

Transcorp traded about 36.09 million units of its shares in 93 deals valued at N32.46 million.

Honeywell Flour traded about 18.64 million units of its shares in 300 deals, valued at N72.35 million.

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