Market rebounds with 0.66% growth, gains N181bn

The Nigerian stock market on Tuesday halted five sessions of downtrend, occasioned by growth in the price of Dangote, Seplat and other 12 stocks.

The All Share Index rose by 0.66% to close at 51,091.75 points from the previous close of 50,756.74 points.  

The Market Capitalisation climbed by 0.66% to close at N27.544 trillion from the previous close of N27.363 trillion, thereby gaining N181 billion.

An aggregate of 166.969 million units of shares were traded in 4,398 deals, valued at 2.7 billion.

The Market Breadth closed negative as 14 equities emerged as gainers against 22 equities that declined in their share prices.

Percentage Gainers

Livestock feeds led the gainers chart with 10.00% growth, closing at N1.32 from the previous close of N1.20.

MRS and Dangote Cement also grew their share prices by 9.80% and 8.30% respectively.

Percentage Losers

BUAFOODS and LEARNAFRICA led other price decliners as they shed 10.00% each of their share prices to close at N49.50 and N2.25 from the previous close of N55.00 and N2.50 respectively.

JAPAULGOLD and GLAXOSMITH among other price decliners also shed their share prices by 9.68% and 9.22% respectively.  

Volume Drivers

TRANSCORP traded about 19 million units of its shares in 111 deals, valued at N24 million.

GTCO traded about 17 million units of its shares in 393 deals, valued at N365 million.

UBA traded about 17 million units of its shares in 137 deals, valued at N131million.

Source: Market rebounds with 0.66% growth, gains N181bn – StocksWatch (

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