Market sustains uptrend as NGXASI inches up by 0.47%

The Nigerian stock market on Thursday closed on a bullish note, occasioned by 3.85% growth in the share price of MTN.

The All Share Index appreciated by 0.47%, closing at 51,618.73 points from the previous close of 51,377.21 points.

Investors gained N130 billion as the Market Capitalisation grew by 0.47% to close at N27.828 trillion from the previous close of N27.698 trillion

An aggregate of 223 million units of shares were traded in 4,028 deals, valued at N2.86 billion.

Market Breadth

The market breadth closed negative as 18 equities appreciated in their share prices against 22 equities that declined in their share prices.

Percentage Gainers

FBNH led other gainers with 9.78% growth, closing at N10.10 from the previous close of N9.20.

FTN Cocoa and Consolidated Hallmark Insurance among other gainers also grew their share prices by 9.37% and 8.06% respectively.

Percentage Losers

Academy Press and Ellah Lakes led other price decliners as they both shed 10% of their share prices to close at N1.17 and N3.96 respectively.

Presco and Etranzact among other price decliners both shed their share prices by 9.84% to close at N165 and N2.2 respectively.

Volume Drivers

Mutual Benefit Assurance traded about 40.13 million units of its shares in 6 deals, valued at N10.03 million.

Oando traded 28.52 million units of its shares in 263 deals, valued at N168.94 million.

FCMB traded about 24.45 million units of its shares in 35 deals, valued at N85.57 million.

Source: Market sustains uptrend as NGXASI inches up by 0.47% – StocksWatch (

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