Stock market advances by 1.12%, investors gain N252bn

The stock market on Tuesday closed on a positive note, occasioned by gains in the share prices of MTN Nigeria and Airtel Africa by 3.9% and 2.56% respectively.

The All Share Index appreciated by 1.12% to close at 43,730.55 points from the previous close of 43,246.87 points.

Investors gained N252 billion as the Market Capitalisation grew 1.12% to close at N22.821 trillion from the previous close of N22.569 trillion.

An aggregate of 280.71 million units of shares were traded in 4,342 deals, valued at N3.476 billion.

The Market Breadth closed positive as 24 equities emerged as gainers against 16 equities that declined in their share prices.

Percentage Gainers

ABC Transport and FTN Cocoa led other gainers with 10% growth to close at N0.33 and N0.44 respectively.

Ardova and UACN among other gainers also grew there share prices by 7.38% and 7.14% respectively.

Percentage Losers

Berger Paints led other price decliners as it sheds 9.52% of its share price to close at N8.55 from the previous close of N9.45.

Caverton and University Press among other price decliners also shed their share prices by 9.09% and 7.39% respectively.  

Volume Drivers

Sterling Bank traded about 83.31 million units of its shares in 53 deals, valued at N125.06 million.

UACN traded about 34.21 million units of its shares in 135 deals, valued at N360.54 million.

Zenith Bank traded about 17.48 million units of its shares in 372 deals, valued at N427.16 million.

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