Market rebounds with marginal growth of 0.02%

The Nigerian stock market on Monday halted two sessions of downtrend as the All Share Index grew marginally by 0.02% to close at 59,014.85 points from the previous close of 59,000.96 points.  

The Market Capitalisation appreciated by 0.02% to close at N32.134 trillion from the previous close of N32.136 trillion, thereby gaining N8 billion.

An aggregate of 892.95 million units of shares were traded in 9,274 deals, valued at 11 billion.

The Market Breadth closed positive as 44 equities emerged as gainers against 22 equities that declined in their share prices.

Percentage Gainers

Tantalizer and Universal Insurance led the gainers chart with 10.00% growth each, closing at N0.22 each from the previous close of N0.20 each.

Unity Bank and Mutual Benefits also grew their share prices by 9.80% and 9.76% respectively.

Percentage Losers

ELLAHLAKE led other price decliners as it shed 10.00% of its share price to close at N3.24 from the previous close of N3.60.

JOHNHOLT and Academy Press among other price decliners also shed their share prices by 9.57% and 9.55% respectively.  

Volume Drivers

Jaiz Bank traded about 139.9 million units of its shares in 290 deals, valued at N244 million.

Sterling Bank traded about 105.5 million units of its shares in 319 deals, valued at N311 million.

GTCO traded about 83 million units of its shares in 738 deals, valued at N2.65 billion.

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