Market advances by 0.91% amidst renewed investors’ optimism

Transactions on the floor of the Nigerian Exchange on Monday closed on a positive note as the All Share Index appreciated by 0.91% close at 46,624.67 points from the previous close of 46,205.05 points.

Investors gained N226 billion as the Market Capitalisation grew by 0.91% to close at N25.124 trillion from the previous close of N24.898 trillion.

An aggregate of 435.799 million units of shares were traded in 6,482 deals, valued at N3.44 billion.

The Market Breadth closed positive as 33 equities emerged as gainers against 23 equities that declined in their share prices.

Percentage Gainers

Consolidated Hallmark Insurance, RT Briscoe and NCR Nigeria led other gainers with 10% growth, closing at N0.66, N0.22 and N3.3 respectively.

Presco and NGX Group among other gainers also grew their share prices by 9.97% and 9.93% respectively.

Percentage Losers

University Press led other price decliners as it shed 9.43% of its share price to close at N2.40 from the previous close of N2.65.

LASACO and Linkage Assurance among other price decliners also shed their share prices by 8.85% and 7.84%.

Volume Drivers

Fidelity Bank traded about 38.035 million units of its shares in 204 deals, valued at N106.2 million.

RT Briscoe traded about 30.04 million units of its shares in 43 deals, valued at N6.08 million

Transcorp traded about 27.45 million units of its shares in 202 deals, valued at N31.44 million.

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