Stock market extends gain by N141bn as NGXASI advances by 0.69%

The Nigerian stock market on Wednesday closed on a bullish note, occasioned by 4.90% gain in the share price of Airtel.

The All Share Index appreciated by 0.69% to settle at 39,448.46 points from the previous close of 39,176.62 points.

Investors gained N141 billion as the Market Capitalization grew by 0.69% to close at N20.553 trillion from the previous close of N20.412 trillion.

An aggregate of 181.42 million units of shares were traded in 3,599 deals, valued at N2.09 billion.

The Market Breadth positive as 20 equities appreciated in their share prices against 15 equities that declined in their share prices.

Percentage Gainers

Pharmadeko led other gainers with 9.17% growth, closing at N1.19 from the previous close of N1.09.

Neimeth, Ikeja and Livestock Feeds among other gainers also grew their share prices by 8.61%, 7.69% and 6.84% respectively.

Percentage Losers

FTN Cocoa led other price decliners as it shed 8.89% of its share price, closing at N0.41 from the previous close of N0.45.

Wema Bank and May & Baker among other price decliners also shed their share prices by 7.32% and 6.38% respectively.

Volume Drivers

Transcorp traded about 20.49 million units of its shares in 101 deals, valued at N19.34 million.

Ecobank traded 17.54 million units of its shares in 120 deals valued at N97.99 million.

FCMB traded about 15.31 million units of its shares in 46 deals, valued at N48.21 million.

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