MTN Nigeria led 11 other gainers as market gains N408bn

Trading activities on the floor of the Nigerian Stock Exchange on Wednesday closed on a positive note as the All Share Index grew by 3.07% to close at 31,145.15 points from the previous close of 30,218.14 points.

Market capitalisation closed at N13.718 trillion, gaining N408 billion from the previous close of N13, 310 trillion.

Aggregate volume of traded stocks for the day was 294.57 million units, valued at N17.47 billion in 4,835 deals.

Market Breadth

The market breadth closed negative as 12 stocks gained, while 27 stocks declined in their share prices.

Percentage Gainers

MTN Nigeria with 9.98% growth led other gainers to close at N144.85 from the previous close of N131.7.

Vita Foam and Dangote Cement also grew their share prices by 9.82% and 9.73% respectively.

Percentage Losers

Law Union & Rock Insurance, Ecobank and Japau Oil  among other price decliners shed their share prices by 9.09%, 8.50 and 8.33%.

Volume Drivers

  • MTN Nigeria traded about 93.72 million units of its shares, in 464 deals, valued at N13.58 billion.

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