Home Market Stock market extends Gains, Closes by 0.35% higher

Stock market extends Gains, Closes by 0.35% higher

by Harry Choms
NGX

The Nigerian stock market extended its uptrend on Thursday, with the All Share Index rising 0.35% to close at 51,355.74 points, up from 51,178.41 points the day before.

The market capitalisation increased by 0.35% to N27.963 trillion from N27.871 trillion at the previous close, adding N92 billion.

In total, 600.8 million shares were traded in 4,309 transactions totaling N5.05 billion.

The Market Breadth closed positive, with 28 equities gaining against 16 equities losing share prices.

Percentage Gainers

Stock market

Transcorp Hotel and ACCESSCORP led other gainers with 10.00% growth each to close at N7.15 and N9.90 from the previous close of 6.50 and N9.00

TRANSCORP, Fidelity Bank and FCMB among other gainers also grew their share prices by 9.87%, 9.85% and 9.80% respectively.

Percentage Losers

Stock market

Champion Breweries led other price decliners as it shed 9.96% of its share price to close at N4.43 from the previous close of N4.92.

Jaiz Bank and CUTIX among other price decliners also shed their share prices by 8.42% and 4.35% respectively.

Volume Drivers

Stock market

TRANSCORP traded about 240.6 million units of its shares in 106 deals, valued at N589 million.

ACCESSCORP traded about 152 million units of its shares in 415 deals, valued at N1.49 billion.

UBA traded about 39 million units of its shares in 271 deals, valued at N308.7 million.

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