Stock market sustains uptrend with 0.11% growth

The Nigerian stock market on Thursday closed on a positive note as the All Share Index appreciated by 0.11% to close at 39,490.06 points from the previous close of 39,448.46 points.

Investors gained N22 billion as the Market Capitalization grew by 0.11% to close at N20.575 trillion from the previous close of N20.553 trillion.

An aggregate of 570 million units of shares were traded in 3,764 deals, valued at N2.28 billion.

The Market Breadth negative as 8 equities appreciated in their share prices against 24 equities that declined in their share prices.

Percentage Gainers

Honeywell Flour led other gainers with 10% growth, closing at N1.87 from the previous close of N1.70.

Wema Bank and Flour Mills among other gainers also grew their share prices by 3.95%, 3.10% respectively.

Percentage Losers

SFS Real Estate Investment Trust led other price decliners as it shed 9.99% of its share price, closing at N61.75 from the previous close of N68.6.

Tripple Gee and Regency Assurance among other price decliners also shed their share prices by 9.28% and 8.51% respectively.

Volume Drivers

Honeywell Flour traded about 384 million units of its shares in 145 deals, valued at N654.16 million.

Vitafoam traded 21.37 million units of its shares in 139 deals valued at N331.21 million.

FCMB traded about 13.60 million units of its shares in 41 deals, valued at N42.71 million.

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