Investors Gain N404bn as NGXASI grows by 0.26%

Adebayo Obajemu

The Nigerian equity market on Wednesday grew from previous session’s loss as the All Share Index appreciated by 0.26% to settle at 242,729.51 points from the previous close of 242,100.70 points.

Investors gained 404 billion as The Market Capitalisation appreciated by 0.26% to close at N155.781 trillion from the previous close of N155.377 trillion.

An aggregate of 1.4 billion units of shares were traded in 85,804 deals, valued at N59 billion.

The Market Breadth closed positive as 48 equities appreciated in their share prices against 23 equities that declined in their share prices.

Percentage Gainers

Airtel Africa led the gainers with 10.00% growth to close above its previous close to N3323.40

CAP, ZICHIS and RTBRISCOE among other gainers also grew their share prices by 9.99%, 9.97% and 9.95% respectively.

Percentage Losers

Sunu Assurance led price decliners’ table as it shed 10.00% of its share price to close at N4.05 from the previous close of N4.50.

GUINNESS, CAVERTON and FTGINSURE among other price decliners also shed their share prices by 9.99%, 8.33% and 7.69% respectively.

Volume Drivers

ACCESSCORP traded about 85 million units of its shares in 3203 deals, valued at about N2.1 billion.

CHAMS traded about 18 million units of its shares in 1469 deals, valued at about N267 million.

Zenith Bank traded about 56 million units of its shares in 6914 deals, valued at N7 billion.