Investors gain N89bn as stock market advances by 0.41%

The stock market on Thursday closed on a bullish note as the All Share Index appreciated by 0.41% to close at 41,961.14 points from the previous close of 41,789.59 points.  

Investors gained N89 billion as the Market Capitalisation grew by 0.41% to close at N21.898 trillion from the previous close of N21.809 trillion.

An aggregate of 558.9 million units of shares were traded in 4,683 deals, valued at N4.4 billion.

The Market Breadth closed positive as 21 equities emerged as gainers against 13 equities that declined in their share prices.

Percentage Gainers

Cadbury, Guinness and University Press led other gainers with 10% growth to close at N8.80, N33 and N1.98 respectively.

AIICO Insurance and Nigeria Breweries among other gainers also grew their share prices by 9.71% and 6.37% respectively.

Percentage Losers

AXA Mansard led other price decliners as it sheds 6.02% of its share price to close at N2.34 from the previous close of N2.49.

Japaul Gold and Courteville among other price decliners also shed their share prices by 4.44% and 4.35% respectively.  

Volume Drivers

FBNH traded about 162.61 million units of its shares in 607 deals, valued at N1.87 billion.

Transcorp traded about 115.7 million units of its shares in 424 deals, valued at N123.899 million.

C&I Leasing traded about 63.44 million units of its shares in 9 deals, valued at N291.82 million.

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