Business
Investors gain N183bn as Nigerian stock market advances by 0.31%
Trading of equities on the floor of the Nigerian stock market on Wednesday closed on a positive note as 34 equities grew their share prices.
The All Share Index grew by 0.31% to close at 98,509.68 points from the previous close of 98,206.97 points.
The Market Capitalization closed at N59.715 trillion, up by 0.31% from the previous close of N59.532 trillion. This implies a gain of N183 billion by investors.
Year to date, the market has returned 31.74%.
An aggregate of 320.1 million units of shares were traded in 7,943 deals, valued at N6.478 billion.
MARKET BREADTH:
The Market Breadth closed positive as 34 stocks closed positive while 17 stocks declined in their share prices.
TOP 5 GAINERS:
Africa Prudential, Conoil and RT BRISCOE led other gainers with 10% growth, closing at N14.30, N352 and N2.42 respectively.
Golden Guinea Breweries, NEM Insurance, Tantalizer and Trans Nationwide Express also grew thier share prices by 9.95%, 9.74%, 9.59% and 9.52% respectively.
TOP 5 LOSERS:
Julius Berger led other price decliners, shedding 10% of it share price to close at N155.25 from the previous close of N172.50.
NSLTECH, Multiverse, Haldane McCall and Honeywell Flour shed thier share prices by 9.52%, 7.63%, 6.07% and 5.62% respectively.