The Nigerian stock market on Wednesday closed higher as the All Share Index rose by 0.57% to settle at 104,549.74 points from the previous close of 103,958.75 points.
The Market Capitalisation was up by 0.57% to close at N64.521 trillion from the previous close of N64.156 trillion, thereby gaining N365 billion.
An aggregate of 421.6 million units of shares were traded in 16,256 deals, valued at N15 billion.
The Market Breadth closed negative as 26 equities appreciated in their share prices against 38 equities that declined in their share prices.
Percentage Gainers
ARADEL led other gainers with 10.00% growth to close at N594.00 from the previous close of N540.00
CHELLARAM, STANBIC and University Press among other gainers also grew their share prices by 9.98%, 9.92% and 9.64% respectively.
Percentage Losers
MCNICHOLS and CAVERTON led price decliners’ table as they shed 10.00% each of their share prices to close at N1.44 and N2.07 from the previous close of N1.60 and N2.30 respectively.
THOMASWYAT and VERITAS KAPITAL among other price decliners also shed their share prices by 9.80% and 9.79% respectively.
Volume Drivers
Universal Insurance traded about 34 million units of its shares in 41 deals, valued at about N2 million.
Fidelity Bank traded about 32 million units of its shares in 401 deals, valued at N621.8 million.
FCMB traded about 23 million units of its shares in 440 deals, valued at about N269.5 million.
Source: Market gains N365bn as NGXASI rises by 0.57% – StocksWatch
