Investors gain N116bn as NGXASI grows by 0.45%

The Nigerian equity market on Tuesday grew as the All Share Index appreciated by 0.45% to settle at 47,565.92 points from the previous close of 47,351.43 points.

Investors gained 116 billion as The Market Capitalisation was up by 0.45% to close at N25.907 trillion from the previous close of N25.791 trillion.

An aggregate of 125.65 million units of shares were traded in 4,188 deals, valued at N1.9 billion.

The Market Breadth closed negative as 12 equities appreciated in their share prices against 15 equities that declined in their share prices.

Percentage Gainers

May & Baker led the gainers with 9.76% growth to close at N4.05 and from the previous close of N3.69.

Ikeja Hotel, BUA Cement and Cornerstone Insurance among other gainers also grew their share prices by 9.73%, 8.65% and 8.00% respectively.

Percentage Losers

University Press led price decliners’ table as it shed 8.54% of its share price to close at N1.50 from the previous close of N1.64.

CADBURY, FTN Cocoa and CAVERTON among other price decliners also shed their share prices by 6.94%, 6.67% and 5.94% respectively.

Volume Drivers

GTCO traded about 38.7 million units of its shares worth at about N659 million.

FBNH traded about 22.8 million units of its shares valued at about N216.9 million.

NGXGROUP traded about 6 million units of its shares valued at N134.5 million.

Source: Investors gain N116bn as NGXASI grows by 0.45% – StocksWatch (

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