Stock market sustains uptrend, gained N851b

The Nigerian stock market on Monday sustained a bullish trend, gaining four out of the last four trading sessions.

The All Share Index appreciated by 2.48%, closing at 64,603.69 points from the previous close of 63,040.41 points.

Investors gained N851 billion as the Market Capitalisation grew by 2.48% to close at N35.177 trillion from the previous close of N34.326 trillion.

An aggregate of 1.8 billion units of shares were traded in 14,584 deals, valued at N22 billion.

The Market Breadth closed positive as 71 equities emerged as gainers against 19 equities that declined in their share prices.

Percentage Gainers

NEIMETH, MRS, Jaiz Bank, DAAR COMMUNICATION and Dangote Cement led other gainers with 10% growth each.

Transcorp Hotel, CONOIL and Golden Guinea Breweries among other gainers also grew their share prices by 9.98%, 9.97% and 9.95% respectively.

Percentage Losers

PHARMADEKO led other price decliners as it shed 9.85% of its share price to close at N1.83 from the previous close of N2.03.

UNIONDICON and Berger Paints among other price decliners also shed their share prices by 9.50% and 9.09% respectively.

Volume Drivers

First Bank traded about 198 million units of its shares in 425 deals, valued at about N4.4 billion.

Sterling Bank traded about 161 million units of its shares in 350 deals, valued at about N724 million.

TRANSCORP traded about 156 million units of its shares in 552 deals, valued at N706.9 million.

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