Investors gain N80bn as stock market advances by 0.38%

The stock market on Wednesday closed on a bullish note as the All Share Index appreciated by 0.38% to close at 41,051.19 points from the previous close of 40,896.96 points.  

Investors gained N80 billion as the Market Capitalisation grew by 0.38% to close at N21.391 trillion from the previous close of N21.311 trillion.

An aggregate of 446.17 million units of shares were traded in 4,704 deals, valued at N4.47 billion.

The Market Breadth closed positive as 29 equities emerged as gainers against 14 equities that declined in their share prices.

Percentage Gainers

Transcorp Hotel led other gainers with 9.94% growth to close at N5.97 from the previous close of N5.43.

Champion Breweries, Consolidated Hallmark Insurance and Okomu Oil among other gainers also grew their share prices by 9.88%, 9.09% and 8.23% respectively.

Percentage Losers

FTN Cocoa led other price decliners as it sheds 8.00% of its share price to close at N0.46 from the previous close of N0.50.

ABC Transport and Regency Assurance among other price decliners also shed their share prices by 5.88% and 5.00% respectively.  

Volume Drivers

FBNH traded about 148.35 million units of its shares in 741 deals, valued at N1.67 billion.

Universal Insurance traded about 46.17 million units of its shares in 30 deals, valued at N9.71 million.

Ecobank traded about 42.55 million units of its shares in 193 deals, valued at N316.09 million.

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