Market opens the new year bullish, grows further by 0.67%

The Nigerian equity market closed the first trading day of the year on bullish note, grew further to seven straight sessions as the All Share Index was up by 0.67% to settle at 51,595.66 points from the previous close of 51,251.06 points.

Investors gained 188 billion as The Market Capitalisation climbed by 0.67% to close at N28.103 trillion from the previous close of N27.915 trillion.

An aggregate of 321.7 million units of shares were traded in 4,122 deals, valued at N4.35 billion.

The Market Breadth closed positive as 23 equities appreciated in their share prices against 11 equities that declined in their share prices.

Percentage Gainers

BUAFOOD led the gainers with 10.00% growth to close at N71.50 from the previous close of N65.00.

JOHNHOLT, PRESTIGE and NAHCO among other gainers also grew their share prices by 9.59%, 9.52% and 9.37% respectively.

Percentage Losers

CHELLARAM led price decliners’ table as it shed 9.82% of its share price to close at N2.02 from the previous close of N2.24.

CWG, FCMB and Honeywell Flour among other price decliners also shed their share prices by 8.91%, 8.83% and 5.98% respectively.

Volume Drivers

GTCO traded about 13.8 million units of its shares in just 333 deals, valued at about N318 million.

UBA traded about 8 million units of its shares in 174 deals, valued at about N64.6 million.

ACCESSCORP traded about 6.7 million units of its shares in 150 deals, valued at N58.9 million.

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