Investors gain N8bn as NGXASI inches up by 0.04%

The Nigerian equity market on Wednesday closed on a positive note occasioned by 0.61% growth in the share price of MTN.

The All Share Index appreciated by 0.04% to close at 37,872.55 points from the previous close of 37,857.24 points.

Investors gained N8 billion as the Market Capitalisation grew by 0.04% to close at N19.732 trillion from the previous close of N19.724 trillion.

An aggregate of 197.23 million units of shares were traded in 3,610 deals, valued at N2.14 billion.

The Market Breadth closed positive as 18 equities appreciated in their share prices against 11 equities that declined in their share prices.

Percentage Gainers

Capital Hotel led other gainers with 10% growth, closing at N2.64 from the previous close of N2.40.

NCR Nigeria Plc, Unity Bank and Total Plc among other gainers also grew their share prices by 9.89%, 6.78% and 6.06% respectively.

Percentage Losers

Linkage Assurance led other price decliners as it shed 5.41% of its share price to close at N0.70 from the previous close of N0.74.

Cornerstone Insurance and Oando among other price decliners also shed their share prices by 5.36% and 4.14% respectively.

Volume Drivers

UBA traded about 35.92 million units of its shares in 172 deals, valued at N269.55 million.

Access Bank traded about 28.65 million units of its shares in 241 deals valued at N259.58 million.

Zenith Bank traded about 17.65 million units of its shares in 378 deals, valued at N424.7 million.

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