Stock market rebounds with 0.09% growth, investors gain N19bn

The Nigerian stock market on Tuesday closed on a positive note occasioned by 3.47% growth in the share price of BUA Cement.

The All Share Index appreciated by 0.09% to close at 42,013.39 points from the previous close of 41,976.79 points.  

The Market Capitalisation grew by 0.09% to close at N21.925 trillion from the previous close of N21.906 trillion, thereby gaining N19 billion.

An aggregate of 318.97 million units of shares were traded in 5,492 deals, valued at N3.278 billion.

The Market Breadth closed negative as 10 equities emerged as gainers against 31 equities that declined in their share prices.

Percentage Gainers

International Breweries led other gainers with 9.62% growth, closing at N5.70 from the previous close of N5.20.

LASACO and Linkage Assurance also grew their share prices by 8.33% and 7.55% respectively.

Percentage Losers

UACN led other price decliners as it sheds 9.73% of its share price to close at N10.20 from the previous close of N11.30.

FTN Cocoa and FBNH among other price decliners also shed their share prices by 8.70% and 6.98% respectively.  

Volume Drivers

UBA traded about 52.58 million units of its shares in 245 deals, valued at N446.92 million.

FBNH traded about 30.497 million units of its shares in 408 deals, valued at N313.81 million.

Zenith traded about 29.899 million units of its shares in 329 deals, valued at N747.64 million.

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