Market gains N172bn as NGXASI rises by 0.25%

The Nigerian stock market on Monday closed higher as the All Share Index rose by 0.25% to settle at 112,015.95 points from the previous close of 111,742.01 points.

The Market Capitalisation was up by 0.24% to close at N70.635 trillion from the previous close of N70.463 trillion, thereby gaining N172 billion.

An aggregate of 517.9 million units of shares were traded in 17,019 deals, valued at N10 billion.

The Market Breadth closed negative as 23 equities appreciated in their share prices against 33 equities that declined in their share prices.

Percentage Gainers

MULTIVERSE led other gainers with 9.87% growth to close at N8.35 from the previous close of N7.60

Live stocks, LASACO and NEIMETH among other gainers also grew their share prices by 9.57%, 8.11% and 8.06% respectively.

Percentage Losers

Legend Internet led price decliners’ table as it shed 9.90% of its share price to close at N5.55 from the previous close of N6.16.

Secure Electronic Technology, ETRANZACT and University Press among other price decliners also shed their share prices by 9.85%, 9.56% and 9.32% respectively.

Volume Drivers

Fidelity Bank traded about 99 million units of its shares in 594 deals, valued at about N1.88 billion.

Royal Exchange traded about 58 million units of its shares in 44 deals, valued at N50 million.

ACCESSCORP traded about 55 million units of its shares in 1,177 deals, valued at about N1.2 million.

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