The Nigerian stock market on Thursday closed higher as the All Share Index (ASI) grew by 0.85% to settle at 47,329.80 points from the previous close of 46,930.66 points.

Market capitalization grew by 0.85% to close at N25.504 trillion from the previous close of N25.289 trillion, adding N215 billion.

An aggregate of 346.7 million units of shares were traded in 4,952 deals, valued at N3.8 billion.

Market Breadth

The market breadth closed positive as 23 equities appreciated in their share prices against 19 equities that declined in their share prices.

Percentage Gainers

Oando led other gainers with 10.00% growth to close at N5.17 from Wednesday’s close of and N4.70.

Academy Press, SCOA and LASACO among other gainers also grew their share prices by 9.73%, 9.62% and 8.00% respectively.

Percentage Losers

PHARMADEKO led the price decliners chart as it shed 10.00% of its share price to close at N1.98 from the previous close of N2.20.

Champion Breweries, Ikeja Hotel and Unity Bank among other price decliners also shed their share prices by 8.70%, 6.99% and 3.77% respectively.

Volume Drivers

Fidelity Bank traded about 55.9 million units of its shares in 228 deals, valued at about N160 million.

FBNH traded 27.9 million units of its shares in 158 deals, worth N318 million.

GTCO traded about 21 million units of its shares in 261 deals, valued at about N585 million.