Stock market advances by 0.12%, investors gain N25bn

The Nigerian stock market on Wednesday closed on a positive note as the All Share Index appreciated by 0.12% to close at 38,968.34 points from the previous close of 38,920.50 points.    

Investors gained N25 billion as the Market Capitalisation grew by 0.12% to close at N20.303 trillion from the previous close of N20.278 trillion.

An aggregate of 141.4 million units of shares were traded in 3,079 deals, valued at N2.97 billion.  

The Market Breadth closed negative as 14 equities appreciated in their share prices against 18 equities that declined in their share prices.

Percentage Gainers

UDPC led other gainers with 9.64% growth, closing at N1.82 from the previous close of N1.66.

Northern Nigeria Flour Mills and Oando among other gainers also grew their share prices by 9.59% and 6.21% respectively.

Percentage Losers

Transcorp Hotel led other price decliners as it shed 10% of its share price, closing at N4.50 from the previous close of N5.0.

Consolidated Hallmark Insurance and Prestige Assurance among other price decliners also shed their share prices by 9.43% and 8.33% respectively.

Volume Drivers

Universal Insurance traded about 17.99 million units of its shares in 12 deals, valued at N3.597 million.

Zenith Bank traded about 9.71 million units of its shares in 269 deals valued at N229.36 million.

United Capital traded about 9.34 million units of its shares in 113 deals, valued at N76.22 million.

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