Stock market sustains uptrend, grows by 0.62%

The Nigerian stock market sustained uptrend on Thursday, growing back to back as the All Share Index appreciated by 0.62% to close at 52,048.85 points from the previous close of 51,729.87 points.

Investors gained N174 billion as the Market Capitalization grew by 0.62% to close at N28.350 trillion from the previous close of N28.176 trillion.

An aggregate of 211.7 million units of shares were traded in 3,462 deals, valued at N7.7 billion.

The Market Breadth closed positive as 35 equities appreciated in their share prices against 9 equities that declined in their share prices.

Percentage Gainers

LASACO and ELLAHLAKES led other gainers with 10.00% growth each, closing at N1.10 and N3.96 from the previous close of N1.00 and N3.60 respectively.

International Breweries, Dangote Cement and Sunu Assurance among other gainers also grew their share prices by 8.60%, 7.19 and 6.90% respectively.

Percentage Losers

Abbey Mortgage Bank led other price decliners as it shed 10.00% of its share price, closing at N1.53 from the previous close of N1.70.

CHELLARAM and FTN Cocoa among other price decliners also shed their share prices by 9.76% and 3.57% respectively.

Volume Drivers

GTCO traded about 19.8 million units of its shares in 253 deals, valued at N476.8 million.

FBNH traded 11.8 million units of its shares in 96 deals valued at N131 million.

Zenith Bank traded about11.8 million units of its shares in 227 deals, valued at N292 million.

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