Stock market advances by 0.03%, as investors gain N8bn

Transactions on the floor of the Nigerian Stock Market on Thursday closed on a positive note away from flat close recorded on Wednesday as the All Share Index advanced by 0.03% to close at 51,817.59 points from the previous close of 51,802.48 points.

Investors gained N8 billion as the Market Capitalisation grew by 0.03% to close at N27.935 trillion from the previous close of N27.927 trillion.

An aggregate of 223 million units of shares were traded in 4,213 deals, valued at N3.87 billion.

Market Breadth

The market breadth closed positive as 20 equities appreciated in their share prices against 18 equities that declined in their share prices.

Percentage Gainers

University Press led other gainers with 9.79% growth, closing at N2.58 from the previous close of N2.35.

MCNICHOLS and Cornerstone Insurance among other gainers also grew their share prices by 9.73% and 9.09% respectively.

Percentage Losers

PZ led other price decliners as it shed 9.86% of its share price to close at N9.60 from the previous close of N10.65.

TRIPPLEG and Prestige Assurance among other price decliners also shed their share prices by 8.42% and 7.50% respectively.

Volume Drivers

FBNH traded 36.63 million units of its shares in 411 deals, valued at about N424 million.

UBA traded 17.5 million units of its shares in 132 deals, valued at N130 million.

GTCO traded about 15 million units of its shares in 423 deals, valued at 310 million.

Source: Stock market advances by 0.03%, as investors gain N8bn – StocksWatch (stocksng.com)

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