Nigerian Bourse gains N532bn as NGXASI closes higher by 2.03%

The Nigerian equity market on Thursday closed higher as the All Share Index rose by 2.03% to settle at 49,661.87 points from the previous close of 48,675.24 points.

The Market Capitalisation grew by 2.03% to close at N26.786 trillion from the previous close of N26.254 trillion, thereby gaining N532 billion.

An aggregate of 226 million units of shares were traded in 3,515 deals, valued at N2.76 billion.

The Market Breadth closed positive as 18 equities appreciated in their share prices against 11 equities that declined in their share prices.

Percentage Gainers

WCG led other gainers with 10.00% growth to close at N0.99 from the previous close of N0.90.

LEARNAFRICA, CAVERTON, MULTIVERSE and CHAMS among other gainers also grew their share prices above 8%.

Percentage Losers

Mutual Benefits led other price decliners as it shed 9.68% of its share price to close at N0.28 from the previous close of N0.31.

Honeywell Flour, Flour Mills and Unity Bank among other price decliners also shed their share prices by 8.42%, 7.06% and 4.76% respectively.

Volume Drivers

Mutual Benefits traded about 74.5 million units of its shares in 124 deals, valued at about N22.8 million.

FBNH traded about 23.4 million units of its shares in just 88 deals, valued at N251.9million.

ACCESSCORP traded about 15.8 million units of its shares in 189 deals, valued at N130 million.

Source: Nigerian Bourse gains N532bn as NGXASI closes higher by 2.03% – StocksWatch (

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