Stock market sustains uptrend as NGXASI inches up by 0.03%

The Nigerian stock market on Wednesday closed on a bullish note amidst renewed optimism by investors, which is occasioned by impressive Q2 earnings released to the market.

The All Share Index appreciated by 0.03% to close at 38,927.83 points from the previous close of 38,917.99 points.

Investors gained N5 billion as the Market Capitalisation grew by 0.02% to close at N20.282 trillion from the previous close of N20.277 trillion.

An aggregate of 206.29 million units of shares were traded in 3,435 deals, valued at N1.07 billion.

The Market Breadth negative as 16 equities appreciated in their share prices against 19 equities that declined in their share prices.

Percentage Gainers

Cutix Plc led other gainers with 10% growth, closing at N5.50 from the previous close of N5.00.

Veritas Kapital, Tripple Gee and Presco among other gainers also grew their share prices by 8.70%, 7.78% and 3.71% respectively.

Percentage Losers

Sovereign Trust Insurance led other price decliners as it shed 7.14% of its share price, closing at N0.26 from the previous close of N0.28.

Regency Assurance and Unity Bank among other price decliners also shed their share prices by 6.67% and 5.00% respectively.

Volume Drivers

Sterling Bank traded about 51.83 million units of its shares in 21 deals, valued at N78.77 million.

Transcorp traded about 19.25 million units of its shares in 107 deals valued at N18.17 million.

UBA traded about 17.24 million units of its shares in 155 deals, valued at N129.78 million.

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