Stock market advances by 0.26% as 21 equities rally

The Nigerian stock market on Wednesday closed on a bullish note, occasioned by 1.24% growth in the share price of MTN among other gainers.

The All Share Index appreciated by 0.26% to close at 41,144.67 points from the previous close of 41,249.71 points.  

Investors gained N54 billion as the Market Capitalisation appreciated by 0.25% to close at N21.526 trillion from the previous close of N21.472 trillion.

An aggregate of 499.5 million units of shares were traded in 5,998 deals, valued at N5.08 billion.

The Market Breadth closed positive as 21 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

NGX Group led other gainers with 10% growth to close at N21.45 from the previous close of N19.5.

Glaxosmith, NPF Microfinance Bank, Coronation Insurance and FBNH among other gainers also grew their share prices by 6.87%, 5.85%, 4.17% and 3.83% respectively.

Percentage Losers

Prestige Assurance led other price decliners as it sheds 8.51% of its share price to close at N0.43 from the previous close of N0.47.

Academy Press and Consolidated Hallmark Insurance among other price decliners also shed their share prices by 8.33% respectively.  

Volume Drivers

FBNH traded about 147.6 million units of its shares in 859 deals, valued at N1.756 billion.

Etranzact traded about 105.17 million units of its shares in 9 deals, valued at N215.59 million.

Access Bank traded about 27.85 million units of its shares in 288 deals, valued at N265.97 million.

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