Stock market advances, grows marginally by 0.08%

The Nigerian stock market on Wednesday advanced marginally as the All Share Index grew by 0.08%, closing at 51,178.41 points from the previous close of 51,138.92 points.

Investors gained N18 billion as the Market Capitalisation appreciated by 0.06% to close at N27.871 trillion from the previous close of N27.853 trillion.

An aggregate of 1.27 billion units of shares were traded in 3,505 deals, valued at N3.98 billion.

The Market Breadth closed positive as 25 equities emerged as gainers against 8 equities that declined in their share prices.

Percentage Gainers

TRANSCORP led other gainers with 9.85% growth, closing at N2.23 from the previous close of N2.03

International Breweries, Academy Press, Livestock feeds among other gainers also grew their share prices by over 6.74%, 6.56% and 4.26% respectively.

Percentage Losers

FTN Cocoa led other price decliners as it shed 3.85% of its share price to close at N0.25 from the previous close of N0.26.

Prestige Assurance and Nigerian Breweries among other price decliners also shed their share prices by 2.50% and 1.50% respectively.

Volume Drivers

TRANSCORP traded about 83.7 million units of its shares in 133 deals, valued at about N186.7 million.

Fidelity Bank traded about 19.5 million units of its shares in 92 deals, valued at about N102.6 million.

Zenith Bank traded about 16 million units of its shares in 405 deals, valued at N359 million.

Source: Stock market advances, grows marginally by 0.08% – StocksWatch (

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