Nigerian Market Gains N105bn as NGXASI closes 0.18% Higher

The Nigerian stocks market on Wednesday closed higher as the All Share Index appreciated by 0.18% to settle at 98,568.59 points from the previous close of 98,386.60 points.

The Market Capitalisation was up by 0.19% to close at N56.641 trillion from the previous close of N56.536 trillion, thereby gaining N105 billion.

An aggregate of 763 million units of shares were traded in 12,081 deals, valued at N11.8 billion.

The Market Breadth closed positive as 35 equities appreciated in their share prices against 22 equities that declined in their share prices.

Percentage Gainers

NIDF led other gainers with 9.94% growth to close at N111.70 from the previous close of 101.60.

FBNH, ELLAHLAKES and Fidelity Bank among other gainers also grew their share prices by 9.93%, 9.76% and 9.70% respectively.

Percentage Losers

OANDO led price decliners’ table as it shed 10.00% of its share price to close at N72.00 from the previous close of N80.00.

Okomu Oil, CAVERTON and MULTIVERSE among other price decliners also shed their share prices by 9.98%, 9.88% and 9.82% respectively.

Volume Drivers

Fidelity traded about 156 million units of its shares in 902 deals, valued at about N2 billion.

TRANSCORP traded about 1103 million units of its shares in 406 deals, valued at N1.2 billion.

UBA traded about 74 million units of its shares in 839 deals, valued at N1.9 billion.

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