The Nigerian stock market again closed higher on Thursday, driven by growth in the prices of 34 stocks. The All Share Index rose by 0.55% to settle at 48,837.76 points from the previous close of 48,571.75 points.
The Market Capitalisation grew by 0.55% to close at N26.529 trillion from the previous close of N26.186 trillion, thereby gaining N143 billion.
An aggregate of 759.6 million units of shares were traded in 5,032 deals, valued at N5.5 billion.
The Market Breadth closed positive as 34 equities appreciated in their share prices against 17 equities that declined in their share prices.
Percentage Gainers
CADBURY and MULTIVERSE led other gainers with 10.00% growth each to close at N9.35 and N0.22 respectively.
Trans-Nationwide Express, CAP Plc and Seplat among others also grew their share prices by 9.88%, 9.77% and 9.09% respectively.
Percentage Losers
Champion Breweries led price decliners’ table as it shed 6.88% of its share price to close at N2.30from the previous close of N2.47.
FTNCOCOA, Linkage Assurance and COURTVILLE among other price decliners also shed their share prices by 5.13%, 3.92% and 3.77% respectively.
Volume Drivers
FCMB traded about 504 million units of its shares in 95 deals, valued at about N1.76 billion.
TRANSCORP traded about 36 million units of its shares in 180 deals, valued at N41 million.
Honeywell Flour traded about 25 million units of its shares in 165 deals, valued at N92.8 million.