Stock market advances marginally by 0.02%

The Nigerian stock market on Thursday advanced marginally as the All Share Index grew by 0.02%, closing at 200,957.89 points from the previous close of 200,925.75 points.

Investors gained N21 billion as the Market Capitalisation appreciated by 0.02% to close at N128.998 trillion from the previous close of N128.977 trillion.

An aggregate of 678 million units of shares were traded in 42,222 deals, valued at N33 billion.

The Market Breadth closed negative as 30 equities emerged as gainers against 36 equities that declined in their share prices.

Percentage Gainers

Premier Paints and ZICHIS led other gainers with 10.00% growth each to close at N34.10 and N12.54 respectively.

Legend Internet, JOHNHOLT, MCNICHOLS, Redstar Express and Living Trust Insurance among other gainers also grew their share prices by over 9% each

Percentage Losers

UPL led other price decliners as it sheds 9.17% of its share price to close at N5.45 from the previous close of N6.00.

Sunu Assurance and Veritas Kapital among other price decliners also shed their share prices by 8.88% and 6.98% respectively.

Volume Drivers

ACCESSCORP traded about 135 million units of its shares in 1693 deals, valued at about N3.5 billion.

Wema Bank traded about 106 million units of its shares in 579 deals, valued at about N2.8 billion.

VERITAS KAPITAL traded about 74 million units of its shares in 236 deals, valued at N148 million.