Stock market extends bullish trend, up by 0.20%

The Nigerian stock market on Tuesday extends its bullish trend to three straight sessions as the All Share Index grew by 0.20% to close at 48,366.69 points from the previous close of 48,270.23 points.

The Market Capitalisation grew by 0.20% to close at N26.344 trillion from the previous close of N26.291 trillion, thereby adding N53 billion.

An aggregate of 184.7 million units of shares were traded in 3,189 deals, valued at N3.57 billion.

The Market Breadth closed positive as 16 equities emerged as gainers against 13 that declined in their share prices.

Percentage Gainers

Honeywell Flour led other gainers with 8.06% growth to close at N2.28 from the previous close of N2.11

Champion Breweries, Ecobank and LASACO among other gainers also grew their share prices by 7.14%, 4.98% and 4.71% respectively.

Percentage Losers

UPDC led other price decliners as it shed 7.07% of its share price to close at N0.92 from the previous close of N0.99.

Wema Bank and FTN Cocoa among other price decliners also shed their share prices by 6.12% and 3.33% respectively.

Volume Drivers

FBNH traded about 66 million units of its shares in just 69 deals, valued at N727 million.

GEREGU traded about 17 million units of its shares in 163 deals, valued at N1.75 billion.

Source: Stock market extends bullish trend, up by 0.20% – StocksWatch (stocksng.com)

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