Market sustains uptrend as NGXASI advances by 0.16%

For four consecutive days this week, the Nigerian stock market has been on a bullish run. The All Share Index on Thursday appreciated by 0.16% to close at 40,829.15 points from the previous close of 40,765.2 points.

Investors gained N33 billion as Market Capitalisation grew by 0.16% to close at N21.275 trillion from the previous close of N21.242 trillion.

An aggregate of 812.3 million units of shares were traded in 4,863 deals, valued at N10.575 billion.

The Market Breadth closed positive as 24 equities emerged as gainers against 20 equities that declined in their share prices.

Percentage Gainers

University Press led other gainers with 9.92% growth to close at N1.44 from the previous close of N1.31. This is followed by Presco as it grew its share price by 5.92% to close at N85 from the previous close of N80.25.

Chams Plc and Universal Insurance among other gainers both grew their share prices by 4.76% respectively.

Percentage Losers

BOC Gases led other price decliners as it sheds 9.87% of its share price to close at N10.50 from the previous close of N11.65.

Caverton and AXA Mansard among other price decliners also shed their share prices by 9.71% and 5.22% respectively.

Volume Drivers

FBNH traded about 132 million units of its shares in 875 deals, valued at N1.33 billion.

Fidelity Bank traded about 20.59 million units of its shares in 158 deals, valued at N53.6 million.

Wema Bank traded about 15.18 million units of its shares in 101 deals, valued at N11.31 million.

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