The equity market on Wednesday closed on a positive note as the All Share Index appreciated by 0.15% to close at 38,564.70 points from the previous close of 38,507.29 points.
Investors gained N30bn as the Market Capitalisation grew by 0.15% to close at N20.099 trillion from the previous close of N20.069 trillion.
An aggregate of 302.72 million units of shares were traded in 4,387 deals, valued at N2.81 billion.
The Market Breadth closed positive as 27 equities appreciated in their share prices against 21 equities that declined in their share prices.
Percentage Gainers
- Cornerstone led other gainers with 10% growth to close at N0.55 from the previous close of N0.50.
- Morison and Learn Africa among other gainers also grew their share prices by 9.68% and 6.52% respectively.
Percentage Losers
- Abbey Mortgage Bank led other price decliners as it shed 9.52% of its share price to close at N0.95 from the previous close of N1.05.
- Consolidated Hallmark Insurance and CWG among other price decliners also shed their share prices by 9.46% and 7.26% respectively.
Volume Drivers
- Sterling Bank traded about 37.47 million units of its shares in 498 deals, valued at N57.825 million.
- Ecobank traded about 27.4 million units of its shares in 29 deals, valued at N142.467 million.
- Wema Bank traded about 27.15 million units of its shares in 95 deals, valued at N15 million.