Stock market gains N318bn, closes higher by 0.49%

The Nigerian stock market on Tuesday closed higher, consolidating on the gain recorded on the last trading day before Ester break.

The All Share Index grew by 0.49% to close at 104,739.61 points from the previous close of 104,233.81 points.

The Market Capitalisation appreciated by 0.49% to close at N65.817 trillion from the previous close of N65.499 trillion, thereby adding N318 billion.

An aggregate of 353 million units of shares were traded in 13,734 deals, valued at N7.19 billion.

The Market Breadth closed positive as 41 equities emerged as gainers against 20 equities that declined in their share prices.

Percentage Gainers

Nigerian Breweries led other gainers with 10.00% growth to close at N6.05 from the previous close of 5.50.

Nigerian Breweries, THE INITIATES and JAPAULGOLD among other gainers also grew their share prices by 9.94%, 9.89% and 9.79% respectively.

Percentage Losers

International Energy Insurance led other price decliners as it shed 9.46% of its share price to close at N1.34 from the previous close of N1.48.

Secure Electronic Technology and University Press among other price decliners also shed their share prices by 8.93% and 8.82% respectively.

Volume Drivers

ACCESSCORP traded about 38 million units of its shares in 1,057 deals, valued at N875 million.

Zenith Bank traded about 24 million units of its shares in 865 deals, valued at N1 billion.

Fidelity Bank traded about 35 million units of its shares in 516 deals, valued at N652 million.

Leave a Reply

Your email address will not be published. Required fields are marked *