Stock market sustains bullish trend, gained N258bn

The Nigerian stock market on Wednesday sustained bullish trend, closing higher in all the last seven trading sessions.

The All Share Index appreciated by 0.43%, closing at 100,477.46 points from the previous close of 100,050.94 points.

Investors gained N258 billion as the Market Capitalisation grew by 0.43% to close at N60.908 trillion from the previous close of N60.650 trillion.

An aggregate of 389.7 million units of shares were traded in 9,573 deals, valued at N9 billion.

The Market Breadth closed positive as 42 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

MRS led other gainers with 9.99% growth to close at N159.70 from the previous close N145.20

LEARNAFRICA, International Energy Insurance and WAPIC among other gainers also grew their share prices by 9.97%, 9.77% and 9.74% respectively.

Percentage Losers

African Prudential led other price decliners as it sheds 10.00% of its share price, closing at N14.40 from N16.00 on Tuesday.

JOHNHOLT and Guinea Insurance among other price decliners also shed their share prices by 9.96% and 8.33% respectively.

Volume Drivers

Sterling Bank traded about 44 million units of its shares in 159 deals, valued at about N216.7 million.

UBA traded about 26 million units of its shares in 624 deals, valued at about N874.9 million.

Fidelity Bank traded about 26 million units of its shares in 267 deals, valued at N398 million.

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