Stock market rises by 0.82% on price appreciation in MTN, others

Transactions on the floor of the Nigerian Exchange market on Tuesday closed on a positive note, driven by 8.99% growth in the share prices of MTN Nigeria and other 36 stocks on the green table.

The All Share Index rose by 0.82% to close at 102,186.03 points from the previous close of 101,356.15 points.

The Market Capitalisation appreciated by 0.82% to close at N61.944 trillion from the previous close of N61.441 trillion, thereby gaining N503 billion.

An aggregate of 431.7 million units of shares were traded in 8,369 deals, valued at N18 billion.

The Market Breadth closed positive as 37 equities appreciated in their share prices against 21 equities that declined in their share prices.

Percentage Gainers

MRS led other gainers with 10.00% growth to close at N217.80 from the previous close of N198.00.

Ikeja Hotel and MULTIVERSE among other gainers also grew their share prices by 9.95% and 9.90% respectively.

Percentage Losers

THOMASWYAT, CAVERTON and WAPIC led other price decliners as they shed 10.00%, 7.35% and 5.03% respectively.

Volume Drivers

UBA traded about 51 million units of its shares in 563 deals, valued at about N1.86 billion.

Universal Insurance traded about 50 million units of its shares in 217 deals, valued at N25 million.

GTCO traded about 17 million units of its shares in 179 deals, valued at about N1 billion.

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