Nigerian market extends bullish trend, grows further by 0.98%

It was yet another bullish session on the floor of the Nigerian stock market on the first trading day of the month as uptrend extended further.

The All Share Index grew by 0.98% to close at 50,126.41 points from the previous close of 49,638.94 points.

The Market Capitalisation appreciated by 0.98% to close at N27.024 trillion from the previous close of N26.761 trillion, thereby adding N263 billion.

An aggregate of 669 million units of shares were traded in 7,251 deals, valued at about N6 billion.

The Market Breadth closed positive as 31 equities emerged as gainers against 27 equities that declined in their share prices.

Percentage Gainers

Wema Bank and Okomuoil led other gainers with 10.00% growth to close at N3.85 and N161.70 from the previous close of 3.50 and N147.00. respectively

Nigerian Breweries, PRESCO and Eterna Oil among other gainers also grew their share prices by 9.98%, 9.97% and 9.97% respectively.

Percentage Losers

OANDO led other price decliners as it shed 10.00% of its share price to close at N5.67 from the previous close of N6.30.

Trans-nationwide Express and MANSARD among other price decliners also shed their share prices by 9.88% and 7.79% respectively.

Volume Drivers

Union Bank of Nigeria traded about 264 million units of its shares in 37 deals, valued at N1.6 billion.

TRANSCORP traded about 74 million units of its shares in 307 deals, valued at N140 million.

ACCESSCORP traded about 23.4 million units of its shares in 377 deals, valued at N229.5 million.

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