The Nigerian stock Market on Wednesday closed on a positive note, driven by gain of 9.39% in Airtel Africa, closing at N1,608.00 from N1,470.00 it closed on Tuesday.
The All Share Index advanced by 1.24%, closing at 52,591.41 points from the previous close of 51,949.64 points.
Investors gained N346 billion as the Market Capitalisation grew by 1.24% to close at N28.353 trillion from the previous close of N28.007 trillion.
An aggregate of 382 million units of shares were traded in 5,922 deals, valued at N4.2 billion.
The Market Breadth closed negative as 11 equities emerged as gainers against 41 equities that declined in their share prices.
Percentage Gainers
CHAMS Plc led other gainers with 9.52% growth, to close at N0.23 from the previous close of N0.21
Airtel Africa and FTN Cocoa among other gainers also grew their share prices by 9.39% and 6.06% respectively.
Percentage Losers
MCNICHOLS and Champion Breweries led other price decliners, shedding 10.00% each of their share prices to close at N1.98 and N3.42 from the previous close of N2.20 and N3.80 respectively.
PZ and Regency Alliance among the long list of price decliners also shed their share prices by 9.92% and 9.68% respectively.
Volume Drivers
UACN traded about 48 million units of its shares in 87 deals, valued at N618.6 million.
UBA traded about 32 million units of its shares in 226 deals, valued at N250.5 million.
ACCESSCORP traded about 31 million units of its shares in 308 deals, valued at N300.8 million.