Market sustains bullish trend, grows further by 0.05%

The Bull sustained dominance on the floor of the Nigerian stock market on Tuesday as the All Share Index (ASI) grew further by 0.05% to settle at 48,568.57 points from the previous close of 48,543.36 points on Monday.

Market capitalization advanced by 0.05% to close at N26.184 trillion from the previous close of N26.170 trillion, gaining N14 billion.

An aggregate of 464.7 million units of shares were traded in 6,468 deals, valued at N7 billion.

Market Breadth

The market breadth closed positive as 28 equities appreciated in their share prices against 23 equities that declined in their share prices.

Percentage Gainers

Academy Press led other gainers with 10.00% growth to close at N1.21 from Monday’s close of and N1.10.

Champion Breweries, MEYER and NEIMETH among other gainers also grew their share prices by 9.78%, 9.77% and 9.56% respectively.

Percentage Losers

MULTIVERSE led price decliners’ chart as it shed 8.70% of its share price to close at N0.21 from the previous close of N0.23.

International Breweries, CADBURY and JAPAULGOLD among other price decliners also shed their share prices by 8.04%, 7.74% and 6.25% respectively.

Volume Drivers

TRANSCORP traded about 123.8 million units of its shares in 466 deals, valued at about N145 million.

Zenith Bank traded about 19 million units of its shares in 343 deals, valued at N493 million.

FBNH traded about 18 million units of its shares in 167 deals, valued at N220.75 million.

Source: Market sustains bullish trend, grows further by 0.05% – StocksWatch (stocksng.com)

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