Investors gain N55bn as market rises further by 0.39%

For eight consecutive days, the Nigerian stock market has been on the upward trend. The All Share Index on Tuesday closed on a positive note with 0.39% growth to settle at 26,611.96 points from the previous close of 26,507.84 points.

Investors gain N55 billion as Market Capitalisation appreciated by 0.39% to close at N13.908 trillion from the previous of N13.853 trillion.

An aggregate of 413.1 million units of shares were traded in 4,681 deals, valued at N4.53 billion.

Market Breadth

The market breadth closed positive as 16 stocks gained while 11 stocks declined in their share prices.

Percentage Gainers

Wema Bank led other percentage gainers with 7.55% growth, closing at N0.57 from the previous close of N0.53.

AIICO Insurance and Africa Prudential Plc among other gainers also grew their share prices by 6.33% and 4.00% respectively.

Percentage Losers

Etranzact led other price decliners as it sheds 9.96% of its share price to close at N2.35 from the previous close of N2.61.

Cornerstone Insurance, Lafarge Africa (WAPCO) and Learn Africa among other price decliners also shed their share prices by 8.45%, 6.25% and 6.14% respectively.

Volume Drivers

  • Zenith Bank Plc traded about 90.88 million units of its shares in 575 deals, valued at N1.58 billion.
  • Sterling Bank traded about 82.3 million units of its shares in 64 deals, valued at N98.84 million.
  • UBA traded about 56.68 million units of its shares in 469 deals, valued at N344.4 million.

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