Market recovers, gains N1.215 trillion in a session

Transactions on the floor of the Nigerian Stock Exchange on Tuesday closed on a positive note, recovering from the last three straight loses as the All Share Index advanced by 3.99% to settle at 58,163.59 points from the previous close of 55,930.97 points.

Market Capitalisation rose to N31.670 trillion from the previous close of N30.455 trillion, which translates to N1.215 trillion gain.

An aggregate of 1.186 billion units of shares were traded in 10,369 deals, valued at N19 billion.

The market breadth closed positive as 61 stocks appreciated in their share prices against 13 stocks that declined in their share prices.

Percentage Gainers

ACCESSCORP, NASCON, GTCO, Zenith Bank and LASACO gained 10.00% each of their stock value.

Ecobank, Jaiz Bank and Unity Bank among other gainers also grew their share prices by 9.92%, 9.77%, and 9.72% respectively.

Percentage Losers

ELLAHLAKES and JOHNHOLT led other price decliners as they shed 10.00% each of their share prices to close at N3.60 and N1.26 from the previous close of N4.00 and N1.40 resectively.

THE INITIATE PLC, CAVERTON and VERITAS KAPITAL among other price decliners also shed their share prices by 9.62%, 4.62% and 4.35% respectively.

Volume Drivers

UBA traded about 214.9 million units of its shares in 608 deals, valued at N2.33 billion.

GTCO traded about 208 million units of its shares in 613 deals, valued at N6.243 billion.

Zenith Bank traded about 85.7 million units of its shares in 743 deals, valued at N2.623 billion.

Source: Market recovers, gains N1.215 trillion in a session – StocksWatch (

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