Market opens July with marginal growth, inches up by 0.02%

The Nigerian stock market extends the bullish trend to the first trading session in the new month of July as the All Share Index grew by 0.02% to close at 51,829.67 points from the previous close of 51,817.59 points.

The Market Capitalisation appreciated by 0.03% to close at N27.942 trillion from the previous close of N27.935 trillion, thereby adding N7 billion.

An aggregate of 127 million units of shares were traded in 3,718 deals, valued at N1.7 billion.

The Market Breadth closed positive as 20 equities emerged as gainers against 16 equities that declined in their share prices.

Percentage Gainers

THE INITIATES Plc led other gainers with 10.00% growth to close at N0.44 from the previous close of 0.40.

CUTIX, Linkage Assurance and JOHNHOLT among other gainers also grew their share prices by 9.78%, 9.62% and 9.33% respectively.

Percentage Losers

COURTVILLE Plc led price decliners’ chart as it shed 7.84% of its share price to close at N0.47 from the previous close of N0.51.

NAHCO and CADBURY among other price decliners also shed their share prices by 5.88% and 5.51% respectively.

Volume Drivers

GTCO traded about 23 million units of its shares in 458 deals, valued at N480 million.

UBA traded about 22 million units of its shares in 211 deals, valued at N165.6 million.

Sterling Bank traded about 7 million units of its shares in 79 deals, valued at N11 million.

Source: Market opens July with marginal growth, inches up by 0.02% – StocksWatch (stocksng.com)

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