Stock market advances by 0.15%, investors gain N30bn

The Nigerian stock market on Monday closed on a positive note, occasioned by 1.82% gain in the share price of MTN.

The All Share Index appreciated by 0.15% to settle at 38,604.72 points from the previous close of 38,547.08 points.

Investors gained N30 billion as the market capitalization appreciated by 0.15% to close at N20.114 trillion from the previous close of N20.084 trillion.

An aggregate of 244.29 million units of shares were traded in 4,609 deals, valued at N1.908 billion.

The Market Breadth negative as 17 equities appreciated in their share prices against 26 equities that declined in their share prices.

Percentage Gainers

Julius Berger led other gainers with 8.89% growth, closing at N24.50 from the previous close of N22.50.

NPF Microfinance Bank, Regency Assurance and Linkage Assurance among other gainers also grew their share prices by 8%, 7.14% and 6.67% respectively.

Percentage Losers

Eterna Plc led other price decliners as it shed 10% of its share price, closing at N6.39 from the previous close of N7.1.

Neimeth and Tripple Gee among other price decliners also shed their share prices by 9.71% and 9.09% respectively.

Volume Drivers

Transcorp traded about 40.26 million units of its shares in 209 deals, valued at N40 million.

C&I Leasing traded about 26.1 million units of its shares in 3 deals valued at N122.61 million.

FCMB traded about 17.71 million units of its shares in 54 deals, valued at N55.7 million.

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