Market sustains uptrend as NGXASI advances by 0.52%

The equity market on Wednesday closed on a positive note as the All Share Index appreciated by 0.52% to settle at 38,418.04 points from the previous close of 38,220.01 points.

Investors gained N104 billion as Market Capitalisation grew by 0.52% to close at N20.027 trillion from the previous close of N19.923 trillion.

An aggregate of 288.93 million units of shares were traded in 4,540 deals, valued at N2.42 billion.

The Market Breadth closed positive as 28 equities appreciated in their share prices against 10 equities that declined in their share prices.

Percentage Gainers

May & Baker led other gainers with 9.65% growth, closing at N4.43 from the previous close of N4.04.

UAC Property and Total Plc among other gainers also grew their share prices by 9.57% and 9.24% respectively.

Percentage Losers

Eterna Plc led other price decliners as it shed 9.73% of its share price to close at N6.77 from the previous close of N7.50.

Linkage Assurance and Unity Bank among other price decliners also shed their share prices by 9.41% and 8.06% respectively.

Volume Drivers

Fidelity Bank traded about 42.07 million units of its shares in 185 deals, valued at N96.62 million.

FBNH traded about 32.41 million units of its shares in 219 deals valued at N242.56 million.

UBA traded about 22.74 million units of its shares in 347 deals, valued at N174.87 million.

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