The Nigerian stock market on Wednesday closed on a bullish note, occasioned by 10% gain in the share price of Airtel Africa.
The All Share Index appreciated by 1.73% to close at 45,430.14 points from the previous close of 44,655.89 points.
Investors gained N417 billion as the Market Capitalisation appreciated by 1.73% to close at N24.477 trillion from the previous close of N24.060 trillion.
An aggregate of 252.94 million units of shares were traded in 4,218 deals, valued at N8.93 billion.
The Market Breadth closed negative as 16 equities appreciated in their share prices against 17 equities that declined in their share prices.
Percentage Gainers
Airtel Africa led other gainers with 10% growth to close at N1155.5 from the previous close of N1050.50.
Cornerstone Insurance and Courteville among other gainers also grew their share prices by 6% and 5.26% respectively.
Percentage Losers
FTN Cocoa led other price decliners as it shed 7.69% of its share price to close at N0.36 from the previous close of N0.39.
Consolidated Hallmark Insurance and Regency Assurance among other price decliners also shed their share prices by 7.25% and 6.67% respectively.
Volume Drivers
GTCO traded about 25.46 million units of its shares in 555 deals, valued at about N649.36 million.
Dangote Cement traded about 24.45 million units of its shares in 223 deals, valued at N6.48 billion.
FBNH traded about 23.09 million units of its shares in 124 deals, valued at N277.15 million.