Stock market advances by 0.72%, investors gain N182bn

Transactions on the floor of the Nigerian Stock Market on Tuesday closed on a positive note as the All Share Index appreciated by 0.72% to close at 47,205.03 points from the previous close of 46,867.95 points.

Investors gained N182 billion as the Market Capitalisation grew by 0.72% to close at N25.449 trillion from the previous close of N25.267 trillion.

An aggregate of 245 million units of shares were traded in 5,832 deals, valued at N4.58 billion.

Market Breadth

The market breadth closed positive as 30 equities appreciated in their share prices against 17 equities that declined in their share prices.

Percentage Gainers

CAP Plc led other gainers with 10% growth, closing at N19.80 from the previous close of N18.00.

NEIMETH and MEYER among other gainers also grew their share prices by 9.86% and 9.68% respectively.

Percentage Losers

Academy Press led other price decliners as it shed 10% of its share price to close at N1.44 from the previous close of N1.60.

CAVERTON and Royal Exchange among other price decliners also shed their share prices by 9.92% and 9.62% respectively.

Volume Drivers

GTCO traded about 39 million units of its shares in 737 deals, valued at about N909 million.

Zenith Bank traded 27 million units of its shares in 665 deals, valued at N674 million.

Nigerian Breweries traded about 16 million units of its shares in 131 deals, valued at 622.9 million.

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