Stock market sustains uptrend, growing by 0.38%

The Nigerian stock market sustained uptrend on Monday, growing back to back as the All Share Index appreciated by 0.38% to close at 44,662.96 points from the previous close of 44,492.73 points.

Investors gained N93 billion as the Market Capitalization grew by 0.38% to close at N24.327 trillion from the previous close of N24.234 trillion.

An aggregate of 159.6 million units of shares were traded in 3,607 deals, valued at N1.95 billion.

The Market Breadth positive as 26 equities appreciated in their share prices against 6 equities that declined in their share prices.

Percentage Gainers

Nigerian Breweries led other gainers with 9.94% growth, closing at N45.35 from the previous close of N41.25.

Nem Insurance, PZ and Cadbury among other gainers also grew their share prices by 9.87%, 8.72 and 7.32% respectively.

Percentage Losers

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

AIICO Insurance and AXA MANSARD among other price decliners also shed their share prices by 5.36% and 5.08% respectively.

Volume Drivers

AIICO Insurance traded about 29.9 million units of its shares in 105 deals, valued at N16 million.

Zenith Bank traded 11.5 million units of its shares in 264 deals valued at N247 million.

FBNH traded about 9 million units of its shares in 161 deals, valued at N104 million.

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