Investors gain N76bn as NGXASI inches up by 0.27%

The Nigerian equity market on Thursday closed on a positive note as The All Share Index moved up by 0.27% to close at 52,235.88 points from the previous close of 52,097.62 points.

Investors gained N76 billion as the Market Capitalisation grew by 0.27% to close at N28.443 trillion from the previous close of N28.367 trillion.

An aggregate of 2.3 billion units of shares were traded in 6,948 deals, valued at N17.6 billion.

The Market Breadth closed positive as 26 equities appreciated in their share prices against 18 equities that declined in their share prices.

Percentage Gainers

Honeywell Flour led other gainers with 10.00% growth, closing at N3.08 from the previous close of N2.80.

CADBURY, NEIMETH, FIDSON, Academy Press and CWG among other gainers also grew their share prices by over 9.00% each.

Percentage Losers

Nigerian Breweries led other price decliners as it shed 10.00% of its share price to close at N32.85 from the previous close of N36.50.

International Energy Insurance and Redsatar Express among other price decliners also shed their share prices by 9.49% and 8.93% respectively.

Volume Drivers

ACCESSCORP traded about 1.23 billion units of its shares in 1,063 deals, valued at N12.5 billion.

TRANSCORP traded about 873.6 million units of its shares in 1,377 deals valued at N2.75 billion.

UBA traded about 26 million units of its shares in 260 deals, valued at N205.9 million.

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