The Nigerian stock market extended its bullish trend for the second consecutive session on Wednesday. The All-Share Index increased by 0.56%, closing at 98,230.92 points, up from the previous close of 97,685.64 points.
Market Capitalization also grew by 0.56%, rising from N56.131 trillion to N56.447 trillion, adding N316 billion.
A total of 361 million units of shares were traded in 9,627 deals, valued at N7.566 billion.
Market Breadth
The market breadth closed positive, with 28 equities gaining and 26 equities declining in share prices.
Percentage Gainers
SFS Real Estate Investment Trust led other gainers with 9.99% growth to close at N179.45 from the previous close of N163.15
Honeywell Flour, MEYER and Academy Press among other gainers also grew their share prices by 9.96%, 9.95% and 9.89% respectively.
Percentage Losers
Northern Nigerian Flourmills led the price decliners, shedding 10.00% of its share price to close at N39.15, down from the previous close of N43.50.
Berger Paints and DEAPCAP were also among the top decliners, with their share prices dropping by 9.81% and 9.68%, respectively.
Volume Drivers
JAPAULGOLD traded approximately 64 million units of its shares in 225 deals, valued at N166 million.
FBNH traded around 27 million units of its shares in 726 deals, valued at N841 million.
UBA traded about 26 million units of its shares in 445 deals, valued at N618 million.
Source: Stock market extends bullish trend, up by 0.56% – StocksWatch (stocksng.com)
