Market grows further as NGXASI, closes higher by 0.12%

Activities on the floor of Nigerian Stock Exchange on Wednesday grew further as the All-Share Index closed 0.12% higher to settle at 51,657.56 compared to 51,595.56 recorded on Tuesday.

The market capitalisation rose by N33 billion or 0.12% to close at N28.136 trillion from N28.103 trillion recorded in the last session.

Aggregate volume and value of traded stocks settled at 265.7 million units and N13.5 billion in 4,156 deals. 

Market Breadth

Market Breadth closed positive as 21 stocks gained against 12 stocks that declined in their share prices at the end of the day’s trading

Percentage Gainers

Nigerian Breweries, NAHCO and Living Trust Insurance led the gainers chart with 10.00% growth each to close at N45.10, N7.70 and N1.76 from the previous close of N41.00, N7.00 and N1.60 respectively.

FCMB, Fidelity Bank, and Japaul Gold also made it to the green table, gaining 9.97%, 9.86% and 7.41% respectively.

Percentage Losers

Champion Breweries tops the price decliners’ list, shedding 10.00% of its share price to close at N4.95 from N5.50.

Still on the red table are; Unity Bank, UBA and Jaiz Bank, shedding 6.78%, 3.61% and 3.33% respectively, ahead of other price decliners.

Volume Drivers

BUACEMENT traded about 101.7 million units of its shares in 100 deals, valued at about N9.85 billion.

TRANSCORP traded about 32.8 million units of its shares in 121 deals, valued at about N37 million.

ACCESSCORP traded about 23 million units of its shares in 303 deals, valued at about N199.9 million.

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