Business
Stock market extends gains, closes by 0.35% higher
The Nigerian stock market on Thursday extended the uptrend as the All Share Index grew by 0.35% to close at 51,355.74 points from the previous close of 51,178.41 points.
The Market Capitalisation appreciated by 0.35% to close at N27.963 trillion from the previous close of N27.871 trillion, thereby adding N92 billion.
An aggregate of 600.8 million units of shares were traded in 4,309 deals, valued at N5.05 billion.
The Market Breadth closed positive as 28 equities emerged as gainers against 16 equities that declined in their share prices.
Percentage Gainers
Transcorp Hotel and ACCESSCORP led other gainers with 10.00% growth each to close at N7.15 and N9.90 from the previous close of 6.50 and N9.00
TRANSCORP, Fidelity Bank and FCMB among other gainers also grew their share prices by 9.87%, 9.85% and 9.80% respectively.
Percentage Losers
Champion Breweries led other price decliners as it shed 9.96% of its share price to close at N4.43 from the previous close of N4.92.
Jaiz Bank and CUTIX among other price decliners also shed their share prices by 8.42% and 4.35% respectively.
Volume Drivers
TRANSCORP traded about 240.6 million units of its shares in 106 deals, valued at N589 million.
ACCESSCORP traded about 152 million units of its shares in 415 deals, valued at N1.49 billion.
UBA traded about 39 million units of its shares in 271 deals, valued at N308.7 million.