Investors gain N70bn as stock market inches up by 0.30%

The Nigerian equity market on Thursday closed on a positive note as the All Share Index appreciated by 0.30% to close at 43,607.94 points from the previous close of 43,476.75 points.

Investors gained N70 billion as Market Capitalisation grew by 0.30% to close at N23.497 trillion from the previous close of N23.427 trillion.

An aggregate of 174.6 million units of shares were traded in 3,715 deals, valued at N2.13 billion.

The Market Breadth closed positive as 24 equities emerged as gainers against 13 equities that declined in their share prices.

Percentage Gainers

BUA Foods led other gainers with 10% growth, closing at N48.4 from the previous close of N44.

Academy Press and Meyer Plc among other gainers also grew their share prices by 9.09% and 8.70% respectively.

Percentage Losers

Sunu Assurance led other price decliners as it shed 9.76% of its share price to close at N0.37 from the previous close of N0.41.

NEM Insurance and FTN Cocoa among other price decliners also shed their share prices by 7.78% and 7.69% respectively.

Volume Drivers

FBNH traded about 27.09 million units of its shares in 125 deals, valued at N307.3 million.

UBA traded about 22.03 million units of its shares in 176 deals, valued at N177.5 million.

Transcorp traded about 11.996 million units of its shares in 97 deals, valued at N11.73 million.

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