Market halts 3 days of losses, inches up by 0.60%

The Nigerian equity market on Monday halt three sessions of loses to closed on a positive note as the All Share Index appreciated by 0.60% to settle at 62,943.35 points from the previous close of 62,569.73 points.

The Market Capitalisation closed at N34.273 trillion from the previous close of N34.070 trillion.

An aggregate of 710 million units of shares were traded in 8,979 deals, valued at N13.8 billion.

The Market Breadth closed positive as 42 equities appreciated in their share prices against 28 equities that declined in their share prices.

Percentage Gainers

DAAR COMMUNICATION, Fidelity Bank, Unilever led other gainers with 10.00% growth each closing at N0.33, N3.37 and N15.95 respectively.

Sterling Bank, JOHNHOLT and Golden Guinea Breweries among other gainers also grew their share prices by 9.97%, 9.94% and 9.90% respectively.

Percentage Losers

PZ, SFS REAL ESTATE INVESTMENT TRUST, Union Bank of Nigeria and VERITAL KAPITALS led other price decliners as they shed their share price by 10.00% each

FTN Cocoa and Eterna Oil among other price decliners also shed their share prices by 9.93% and 9.89%.

Volume Drivers

Sterling Bank traded about 65.9 million units of its shares in 345 deals, valued at N216.6 million.

TRANSCORP traded about 62 million units of its shares in 425 deals, valued at N225.6 million.

ACCESSCORP traded about 51 million units of its shares in 642 deals, valued at about N828.8 million.

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