Stock market gains N48bn as NGXASI closes higher by 0.19%

The Nigerian stock market on Tuesday closed higher as the All Share Index appreciated by 0.19% to settle at 46,777.37 points from the previous close of 46,687.85 points.

The Market Capitalisation grew by 0.19% to close at N25.218 trillion from the previous close of N25.170 trillion, thereby gaining N105 billion.

An aggregate of 257 million units of shares were traded in 4,410 deals, valued at N2.343 billion.

The Market Breadth closed negative as 18 equities appreciated in their share prices against 20 equities that declined in their share prices.

Percentage Gainers

MEYER led other gainers with 8.86% growth to close at N0.86 from the previous close of N0.79.

Regency Alliance, FTN Cocoa, CUTIX and C\AVERTON among other gainers also grew their share prices above 5%.

Percentage Losers

NPF Microfinance Bank led other price decliners as it shed 9.64% of its share price to close at N2.25 from the previous close of N2.49.

LEARNAFRICA, MULTIVERSE and RTBRISCOE among other price decliners also shed their share prices by 9.14%, 8.70% and 6.67% respectively.

Volume Drivers

Fidelity Bank traded about 47 million units of its shares in 249 deals, valued at about N231 million.

Transcorp traded about 40.9 million units of its shares in just 219 deal, valued at N41 million.

GTCO traded about 15 million units of its shares in 437 deals, valued at N341 million.

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