Stock market extends Gains, Closes 0.61% higher

The Nigerian stock market on Thursday extended the bullish trend as the All Share Index grew by 0.61% to close at 54,646.38 points from the previous close of 54,315.53 points.

The Market Capitalisation appreciated by 0.61% to close at N29.769 trillion from the previous close of N29.589 trillion, thereby adding N180 billion.

An aggregate of 142 million units of shares were traded in 2,651 deals, valued at N1.8 billion.

The Market Breadth closed positive as 28 equities emerged as gainers against 10 equities that declined in their share prices.

Percentage Gainers

MRS led other gainers with 9.88% growth to close at N27.80 from the previous close of 25.30.

MCNICHOLS, BUAFOOD and Cornerstone Insurance among other gainers also grew their share prices by 9.09%, 8.87% and 8.33% respectively.

Percentage Losers

THE INITIATE Plc led other price decliners as it shed 9.09% of its share price to close at N0.40 from the previous close of N0.44.

NEIMETH and Consolidated Hallmark Insurance among other price decliners also shed their share prices by 6.45% and 6.15% respectively.

Volume Drivers

UBA traded about 32 million units of its shares in 136 deals, valued at N272 million.

Zenith Bank traded about 11.5 million units of its shares in 199 deals, valued at N292 million.

GTCO traded about 8.6 million units of its shares in 184 deals, valued at N217.9 million.

Source: Stock market extends Gains, Closes 0.61% higher – StocksWatch (stocksng.com)

Related Posts

18

Sep
Business & Economy

Stock Market Review: September 18, 2023

The stock market last week closed was down by 1.10% due to profit taking, bringing the All Share Index and Market Capitalisation to 67,395.74 points and N36.886 trillion respectively. Year to date, the market has returned 31.50%. In a stock market review with the MD/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, the following were discussed: […]

18

Sep
Business & Economy

Nigerian Bourse drops by 1.10% in one week on profit taking, sheds N409bn

The Nigerian stock market declined by 1.01% week on week, as NESTLE, PRESCO and other 51 stocks shed weights. The All Share Index dropped by 1.10% to settle at 67,395.74 points from 68,143.34 points. Consequently, the Market capitalization also dropped by 1.10% to settle at N36.886 trillion from N37.295, thereby shedding N409 billion. An aggregate of 2.93[…]