Stock Market gains N17 billion, closes 0.14% higher

Trading activities on the floor of the Nigerian Stock Exchange on Tuesday closed positive as the All Share Index extends gains by 0.14% to close at 32,173.66 points from the previous close of 32,129.94 points on Monday.

Market capitalisation closed at N11.998 trillion advancing by 0.14% from the previous close of N11.981 trillion, thereby gaining N17 billion.

Volume and value of traded stocks grew by 75.45% and 32.49%, settling at 400.87 million units and N3.46 billion respectively.

Market Breadth

The market breadth closed negative as 14 stocks gained against 17 stocks that lost.

Percentage Gainers

MCNICHOLS with 7.14% growth led other percentage gainers to close at N0.60 from the previous close of N0.56.

Dangote Flour, Union Bank, NASCON and Sovereign Trust Insurance also gained 5.77%, 4.48%, 4.17% and 4.00% respectively among gainers.

Percentage Losers

Red Star Express, Japaul Oil, and Mutual Benefit Assurance shed their share prices by 9.09%, 8.70% and 7.41% respectively to lead others 7 stocks on the losers chart.

Volume Drivers

Diamond Bank traded about N119.78 million units of its shares in 130 deals, valued at about N299.3 million.

Guaranty Trust Bank traded about 32.51 million units of its shares in 229 deals, valued at about N1.2 billion.

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