Stock market extends gains, closes higher by 0.30%

The Nigerian stock market on Thursday extends the bullish trend as the All Share Index grew by 0.30% to close at 47,510.38 points from the previous close of 47,367.31 points.

The Market Capitalisation appreciated by 0.30% to close at N25.613 trillion from the previous close of N25.536 trillion, thereby adding N77 billion.

An aggregate of 385 million units of shares were traded in 6,212 deals, valued at N4 billion.

The Market Breadth closed positive as 21 equities emerged as gainers against 16 equities that declined in their share prices.

Percentage Gainers

SFS Real Estate Investment Trust led other gainers with 10.00% growth to close at N77.00 from the previous close of 70.00.

MEYER, UPDC and CHAMS among other gainers also grew their share prices by 7.38%, 7.32% and 5.00% respectively.

Percentage Losers

Dangote Sugar led other price decliners as it shed 5.09% of its share price to close at N15.85 from the previous close of N16.70.

RTBRISCOE and Africa Prudential among other price decliners also shed their share prices by 5.00% and 4.76% respectively.

Volume Drivers

Fidelity Bank traded about 75 million units of its shares in 262 deals, valued at N282.5 million.

Sterling Bank traded about 46 million units of its shares in 258 deals, valued at N64.9 million.

ACCESSCORP traded about 34 million units of its shares in 242 deals, valued at N347 million.

Source: Stock market extends gains, closes higher by 0.30% – StocksWatch (stocksng.com)

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