The Nigerian stock market on Wednesday closed on a positive note as the All Share Index rose by 0.19%, closing at 26,434.00 points from the previous close of 26,384.21 points on Tuesday.
- Market Capitalisation grew by 0.19% to close at N12.758 trillion, gaining N24 billion from the previous close of N12.734 trillion.
- Volume of traded stocks was down by 8.18% closing at 180.23 million units against the previous close of 196.3 million units on Tuesday.
- Value of traded stocks declined by 14.83% to close at N3.02 billion against the previous close of N3.55 billion on Tuesday.
- Total number of deals at the close of trade was 2,951, down by 6.41% against the previous close of 3,153.
Market Breadth
The market breadth closed negative as 12 stocks gained while 14 stocks declined in their share prices.
Percentage Gainers
- C&I Leasing with 9.26% growth led other gainers to close at N5.90 from the previous close of N5.40.
- This is followed by Courtville, gaining 8.70% to close at N0.25 from the previous close of N0.23.
- Oando and UBA grew their share prices by 4.17% and 3.85% to close at N3.75 and N6.75 respectively.
Other stocks on the gainers list include: UACN (3.11%), Sterling Bank (2.60%), Carverton (2.0%), MTN Nigeria (1.72%), Flour Mills (1.58%), Access Bank (1.09%), Transcorp (1.01%) and Dangote Sugar (0.67%).
Percentage Losers
Chellaram Plc led 13 other price decliners, shedding 9.74% of its share price to close at N2.78 from the previous close of N3.08.
This is followed by Union Diagnostics, shedding 8.33% of its share price to close at N0.22 from the previous close of N0.24.
Chams Plc and Linkage Assurance among others also shed their share prices by 8.1% and 5.88% respectively.
Volume Drivers
- UBA traded about 29.3 million units of its shares in 143 deals, valued at N192.7 million.
- Zenith Bank traded about 19.85 million units of its shares in 255 deals, valued at N366.3 million