Market extends bullish trend by 0.42%

It was yet another bullish session on the floor of the Nigerian stock market on Wednesday as bullish trend extended to third straight session.

The All Share Index grew by 0.42% to close at 98,987.42 points from the previous close of 98,568.95 points.

The Market Capitalisation was up by 0.43% to close at N56.882 trillion from the previous close of N56.641 trillion, thereby adding N134 billion.

An aggregate of 603 million units of shares were traded in 9,723 deals, valued at N12.6 billion.

The Market Breadth closed positive as 31 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

Flourmills of Nigeria and SEPLAT Plc led other gainers with 10.00% growth to close at N60.50 and N4103.10 from the previous close of N55.00 and N3730.10 respectively.

ELLAHLAKES, Honeywell flour and ABC Transport among other gainers also grew their share prices by 9.97%, 9.87% and 9.57% respectively.

Percentage Losers

MULTIVERSE led other price decliners as it shed 9.90% of its share price to close at N9.10 from the previous close of N10.10.

CAVERTON and MANSARD among other price decliners also shed their share prices by 9.86% and 6.78% respectively.

Volume Drivers

Fidelity Bank traded about 122 million units of its shares in 1014 deals, valued at N2 billion.

FBNH traded about 109 million units of its shares in 292 deals, valued at N3.5 billion.

TRANSCORP traded about 83 million units of its shares in 284 deals, valued at N920 million.

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