The Nigerian stock market on Wednesday bounced back to a bullish mode as the All Share Index appreciated by 0.50% to close at 120,339.90 points from the previous close of 119,741.23 points.
The Market Capitalisation grew by 0.50% to close at N76.180 trillion from the previous close of N75.801 trillion, thereby gaining N379 billion.
An aggregate of 1 billion units of shares were traded in 21,964 deals, valued at 12 billion.
The Market Breadth closed positive as 61 equities emerged as gainers against 15 equities that declined in their share prices.
Percentage Gainers
Secure Electronic Technology, SMURFIT, THOMASWYAT, C & I Leasing, ELLAHLAKES, CUTIX, International Energy Insurance and OMATEK led the gainers chart with 10.00% growth each from their previous close.
CAVERTON and MEYER also grew their share prices by 9.98% and 9.95% respectively.
Percentage Losers
DEAPCAP led other price decliners as it shed 9.09% of its share price to close at N1.00 from the previous close of N1.10.
JOHNHOLT and Dangote Sugar among other price decliners also shed their share prices by 5.41% and 5.32% respectively.
Volume Drivers
Royal Exchange traded about 219 million units of its shares in 117 deals, valued at N229 million.
JAPAULGOLD traded about 174 million units of its shares in 458 deals, valued at N473 million.
ELLAHLAKES traded about 83 million units of its shares in 1,111 deals, valued at N762 million.