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Stock market extends bullish trend by 0.31m

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Market sheds N19bn as NGXASI closes marginally lower by 0.03%

It was yet another bullish session on the floor of the Nigerian stock market on Wednesday as bullish trend extended to fourth straight session.

The All Share Index grew by 0.31% to close at 52,580.86 points from the previous close of 52,419.33 points.

The Market Capitalisation was up by 0.31% to close at N28.631 trillion from the previous close of N28.543 trillion, thereby adding N88 billion.

An aggregate of 680.8 million units of shares were traded in 6,666 deals, valued at N7.89 billion.

The Market Breadth closed positive as 29 equities emerged as gainers against 18 equities that declined in their share prices.

Percentage Gainers

MRS led other gainers with 9.93% growth to close at N37.10 from the previous close of 33.75.

Nigerian Breweries, Cornerstone and FTN Cocoa among other gainers also grew their share prices by 9.63%, 9.46% and 8.82% respectively.

Percentage Losers

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Consolidated Hallmark Insurance led other price decliners as it shed 7.69% of its share price to close at N0.60 from the previous close of N0.65.

Sovereign Trust Insurance and TRANSCORP among other price decliners also shed their share prices by 6.52% and 5.23% respectively.

Volume Drivers

Fidelity Bank traded about 254 million units of its shares in 118 deals, valued at N1.4 billion.

ACCESSCORP traded about 112.8 million units of its shares in 560 deals, valued at N1.13 billion.

TRANSCORP traded about 63 million units of its shares in 536 deals, valued at N185.6 million.

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