Stock market extends Gains, Closes marginally by 0.01% higher

The Nigerian stock market on Wednesday extended its bullish trend as the All Share Index grew by 0.01% to close at 166,267.60 points from the previous close of 166,256.82 points.

The Market Capitalisation appreciated by 0.01% to close at N106.443 trillion from the previous close of N106.436 trillion, thereby adding N7 billion.

An aggregate of 622.7 million units of shares were traded in 43,548 deals, valued at N24.9 billion.

The Market Breadth closed positive as 54 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

NCR, RTBRISCOE and MCNICHOLS led other gainers with 10.00% growth each to close at N171.05, N4.95 and N6.93 respectively.

Jaiz Bank, May & Baker and CWG among other gainers also grew their share prices by 9.99%, 9.95% and 9.90% respectively.

Percentage Losers

UPDCREIT led other price decliners as it shed 9.68% of its share price to close at N8.40 from the previous close of N9.30.

Champion Breweries and Secure Electronic among other price decliners also shed their share prices by 9.31% and 6.78% respectively.

Volume Drivers

ZICHIS traded about 69 million units of its shares in 116 deals, valued at N150.9 million.

Secure Electronic Technology traded about 55 million units of its shares in 465 deals, valued at N61.9 million.

ACCESSCORP traded about 40 million units of its shares in 1768 deals, valued at N917 million.