Stock market rises by 0.35%

Transactions on the floor of the Nigerian Exchange on Tuesday closed on a positive note as The All Share Index rose by 0.35% to close at 99,190.46 points from the previous close of 98,847.89 points.

The Market Capitalisation appreciated by 0.36% to close at N56.089 trillion from the previous close of N55.890 trillion, thereby gaining N199 billion.

An aggregate of 398 million units of shares were traded in 10,976 deals, valued at N31.8 billion.

The Market Breadth closed negative as 10 equities appreciated in their share prices against 37 equities that declined in their share prices.

Percentage Gainers

TRANSCORP and TRANSCORP POWER led other gainers with 10.00% growth each to close at N7.27 and N290.40 from the previous close of N15.70 and N264.00 respectively.

FBNH and THE INITIATES among other gainers also grew their share prices by 9.88% and 9.77% respectively.

Percentage Losers

NASCON and International Breweries led other price decliners as they shed 10.00% each of their share prices to close at N48.15 and N4.32 from the previous close of N53.50 and N4.80 respectively.

May & Baker and THOMASWYAT among other price decliners also shed their share prices by 9.93% and 9.85% respectively.

Volume Drivers

TRANSCORP POWER traded about 87 million units of its shares in 1,007 deals, valued at about N25 billion.

TRANSCORP traded about 68 million units of its shares in 251 deals, valued at N1.17 billion.

UBA traded about 23 million units of its shares in 579 deals, valued at about N519.5 million.

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