Market advances by 0.71%, investors gain N139

Transactions on the floor of the Nigerian Exchange (NGX) on Wednesday closed on a positive note as the All Share Index appreciated by 0.71% to settle at 37,907.28 points from the previous close of 37,640.75 points.

Investors gained N139 billion as the Market Capitalisation grew by 0.71% to close at N19.760 trillion from the previous close of N19.621 trillion.

An aggregate of 213.7 million units of shares were traded in 3,522 deals, valued at N3.23 billion.

The Market Breadth closed positive as 20 equities appreciated in their share prices against 16 equities that declined in their share prices.

Percentage Gainers

Nestle led other gainers with 10% growth, closing at N1,540 from the previous close of N1,400.

Ikeja Hotel and Oando among other gainers also grew their share prices by 9.92% and 9.67% respectively.

Percentage Losers

BOC Gases led other price decliners as it shed 10% of its share price to close at N8.55 from the previous close of N9.50.

Sovereign Trust Insurance and PZ among other price decliners also shed their share prices by 7.14% and 7.08% respectively.

Volume Drivers

Wema Bank traded about 18.31 million units of its shares in 69 deals, valued at N10.89 million.

Oando traded about 15.62 million units of its shares in 248 deals valued at N47.76 million.

Mutual Benefit Assurance traded about 15.10 million units of its shares in 25 deals, valued at N6.31 million.

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