Nigerian equities market sustains uptrend as it grew further by 0.31%

Trading activities on the floor of the Nigerian Stock Exchange on Monday closed on a positive note as the All Share rose further by 0.31% to close at 29,710.56 points away from the previous close of points on Friday.

 

The Market capitalisation grew by 0.31% to close at N15.304 trillion, away from the previous close of N15.256 trillion, thereby gaining N48 billion.

 

Aggregate volume of traded stocks closed at 266.95 million units down by 17.86% from the previous close of 324.97 million units.

 

The value of traded stocks grew by 17.70%, closing at N4.18 billion away from the previous close of N3.55 billion.

Total number of deals at the close of trade was 5,052, up by 21.01% from the previous close of 4,175 deals.

 

Market Breadth

The market Breadth closed positive as 22 stocks gained while 12 stocks declined in their share prices.

 

Percentage Gainers

Law Union & Rocks Insurance led the gainers’ list with 10% growth to close at N0.55 from the previous close of N0.50.

 

Total Nigeria Plc grew its share price by 9.35% to close at N117 from the previous close of N107.

Cadbury, Caverton, Jaiz Bank, Wapic Insurance and Union Diagnostics among other gainers also grew their share prices by 8.50%, 6.87%, 6.15%, 5.17% and 5.00% respectively.

 

Percentage Losers

NCR Nigeria Plc, Nestle and Unity Bank among other price decliners shed their share prices by 9.88%, 6.12% and 5.80 respectively.

 

Volume Drivers

  • Access Bank traded about 37.84 million units of its shares in 493 deals, valued at N408.59 million.
  • Zenith Bank traded about 34.997 million units of its shares in 594 deals, valued at N790.4 million.
  • Guaranty Trust Bank traded about 33.6 million units of its shares in 345 deals, valued at N1.147 billion.

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