Stock market grows marginally by 0.01%

The Nigerian stock market on Tuesday grew marginally as the All Share Index advanced by 0.01%, closing at 149,459.11 points from the previous close of 149,437.88 points.

Investors gained N14 billion as the Market Capitalisation appreciated by 0.01% to close at N95.281 trillion from the previous close of N95.267 trillion.

An aggregate of 1 billion units of shares were traded in 23,701 deals, valued at N21.8 billion.

The Market Breadth closed positive as 31 equities emerged as gainers against 26 equities that declined in their share prices.

Percentage Gainers

ALEX led other gainers with 10.00% growth, closing at N9.35 from the previous close of N8.50

GUINNESS, MULTIVERSE and MECURE among other gainers also grew their share prices by over 9.98%, 9.95% and 9.95% respectively.

Percentage Losers

HMCALL led other price decliners as it shed 9.93% of its share price to close at N3.72 from the previous close of N4.13.

Living Trust Assurance, VERITAS KAPITAL and Linkage Assurance among other price decliners also shed their share prices by 9.09%, 9.09% and 5.71% respectively.

Volume Drivers

ACCESSCORP traded about 386 million units of its shares in 1372 deals, valued at about N7.7 million.

Sterling Bank traded about 85 million units of its shares in 313 deals, valued at about N590 million.

FCMB traded about 75 million units of its shares in 411 deals, valued at N791 million.