Business
Stock market advances by 0.27%, investors gain N187bn
Transactions on the floor of the Nigerian Stock Market on Wednesday closed on a positive note as the All Share Index appreciated by 0.27% to close at 109,059.33 points from the previous close of 108,762.60 points.
Investors gained N187 billion as the Market Capitalisation grew by 0.27% to close at N68.544 trillion from the previous close of N68.357 trillion.
An aggregate of 531 million units of shares were traded in 14,870 deals, valued at N19.8 billion.
Market Breadth
The market breadth closed positive as 34 equities appreciated in their share prices against 24 equities that declined in their share prices.
Percentage Gainers
Northern Nigeria Flourmills and MCNICHOLS led other gainers with 10% growth each, closing at N99.55 and N1.76 respectively.
Champion Breweries and CAVERTON among other gainers also grew their share prices by 9.91% and 9.78% respectively.
Percentage Losers
MULTIVERSE led other price decliners as it shed 9.63% of its share price to close at N9.85 from the previous close of N10.90.
LEGENDINT and VERITAS KAPITAL among other price decliners also shed their share prices by 5.41% and 4.76% respectively.
Volume Drivers
Fidelity Bank traded about 41 million units of its shares in 537 deals, valued at about N835 million.
ACCESSCORP traded 52 million units of its shares in 998 deals, valued at N1.1 billion.
GTCO traded about 53 million units of its shares in 553 deals, valued at 3.67 billion.