Stock market advances by 1.58%, investors gain N318bn

The Nigerian stock market on Tuesday closed on a bullish note, occasioned by gain in the share prices of Airtel and MTN by 10% and 2.38% respectively.

The All Share Index appreciated by 1.58% to settle at 39,176.62 points from the previous close of 38,567.26 points.

Investors gained N318 billion as the Market Capitalization grew by 1.58% to close at N20.412 trillion from the previous close of N20.094 trillion.

An aggregate of 474.53 million units of shares were traded in 4,161 deals, valued at N3.98 billion.

The Market Breadth positive as 21 equities appreciated in their share prices against 20 equities that declined in their share prices.

Percentage Gainers

Airtel led other gainers with 10% growth, closing at N715 from the previous close of N650.

Unity Bank, Veritas Kapital and Courtville Business Solution among other gainers also grew their share prices by 7.14%, 4.35% and 4.17% respectively.

Percentage Losers

Juli Plc led other price decliners as it shed 9.01% of its share price, closing at N1.01 from the previous close of N1.11.

Consolidated Hallmark and Jaiz Bank among other price decliners also shed their share prices by 6.90% and 4.84% respectively.

Volume Drivers

GTCO traded about 37.28 million units of its shares in 489 deals, valued at N1.04 billion.

Ecobank traded 24.12 million units of its shares in 74 deals valued at N131 million.

Jaiz Bank traded about 18.65 million units of its shares in 33 deals, valued at N11.55 million.

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