Adebayo Obajemu
The Nigerian equity market on Tuesday bounced back from 0.07% decline recorded on Monday as the All Share Index grew by 0.59% to settle at 251,635.42 points from the previous close of 1250,154.44 points.
Investors gained N949 billion as the Market Capitalisation was up by 0.59% to close at N161.280 trillion from the previous close of N160.331 trillion.
An aggregate of 704 million units of shares were traded in 64,539 deals, valued at N32 billion.
The Market Breadth closed negative as 27 equities appreciated in their share prices against 33 equities that declined in their share prices.
Percentage Gainers
FTN Cocoa led the gainers with 10.00% growth to close at N9.79 from the previous close of N8.90
ZICHIS, SKYAVIATION and CAVERTON among other gainers also grew their share prices by 9.97%, 9.79% and 9.76% respectively.
Percentage Losers
UNILEVER led price decliners’ table as it sheds 10.00% of its share price to close at N153.00 from the previous close of N170.00.
Trans-nationwide Express, Sovereign Trust Insurance and MCNICHOLES among other price decliners also shed their share prices by 9.92%, 9.81% and 9.81% respectively.
Volume Drivers
ACCESSCORP about 88 million units of its shares in 2721 deals, valued at about N2.26 billion.
Linkage Assurance traded about 46 million units of its shares in 206 deals, valued at about N84 million.
Sterling Bank traded about 45 million units of its shares in 509 deals, valued at about N349 million