Investors gain N403bn as stock market advances by 1.71%

The Nigerian Exchange on Wednesday closed on a bullish note, occasioned by gains in the share prices of Dangote Cement and MTN by 6.18% and 2.15% respectively.

The All Share Index appreciated by 1.71% to close at 44,608.82 points from the previous close of 43,859.30 points.

Investors gained N403 billion as the Market Capitalisation grew by 1.71% to N24.034 trillion from the previous close of N23.631 trillion.

An aggregate of 266.3 million units of shares were traded in 4,502 deals, valued at N3.82 billion.

24 equities emerged as gainers against 15 equities that declined in their share prices, bringing the Market Breadth to a positive close.

Percentage Gainers

Academy Press and Jaiz Bank both led other gainers with 10% growth to close at N0.66 respectively.

Unity Bank and Sovereign Trust Insurance among other gainers also grew their share prices by 8.70% and 8.33% respectively.

Percentage Losers

Regency Assurance and Consolidated Hallmark Insurance led other price decliners as they shed 8.70% of their share prices to close at N0.42 and N0.63 respectively.

Sunu Assurance and AIICO Insurance among other prices decliners also shed their share prices by 8.11% and 3.70% respectively.

Volume Drivers

Transcorp traded about 89 million units of its shares in 253 deals, valued at N89.87 million.

FBNH traded about 30.49 million units of its shares in 177 deals, valued at N365.67 million.

Jaiz Bank traded about 14.2 million units of its shares in 66 deals, valued at N8.97 million.

Leave a Reply

Your email address will not be published. Required fields are marked *