Stock market advances with 0.11% growth, investors gain N23bn

The Nigerian stock market on Tuesday closed on a bullish note occasioned by 3.31% gain in the share price of Dangote Cement.

The All Share Index appreciated by 0.11% to close at 39,550.36points from the previous close of 39,505.40 points.

The Market Capitalization grew by 0.11% to close at N20.606 trillion from the previous close of N20.583 trillion, thereby gaining N23 billion.

An aggregate of 110.77 million units of shares were traded in 3,305 deals, valued at N3.084 billion.

The Market Breadth closed firm as 16 equities appreciated in their share prices against 16 equities that declined in their share prices.

Percentage Gainers

Honeywell Flour led other gainers with 9.78% growth, closing at N2.47 from the previous close of N2.25.

Pharmadeko and Wema Bank among other gainers also grew their share prices by 9.24% and 3.70% respectively.

Percentage Losers

SCOA Plc led other price decliners as it shed 9.74% of its share price, closing at N1.76 from the previous close of N1.95.

Nestle and FTN Cocoa among other price decliners also shed their share prices by 9.09% and 8.51% respectively.

Volume Drivers

Transcorp traded about 11.94 million units of its shares in 96 deals, valued at N11.29 million.

FBNH traded 11.06 million units of its shares in 102 deals valued at N81.32 million.

Oando traded about 7.31 million units of its shares in 163 deals, valued at N36.38 million.

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