Stock market up by 0.49% on price appreciation in MTN, others

Transactions on the floor of the Nigerian Exchange on Tuesday closed on a positive note, driven by 2.23% growth in the share price of MTN Nigeria and other 32 stocks on the green table.

The All Share Index rose by 0.49% to close at 51,606.49 points from the previous close of 51,355.74 points.

The Market Capitalisation appreciated by 0.49% to close at N28.100 trillion from the previous close of N27.963 trillion, thereby gaining N137 billion.

An aggregate of 2 billion units of shares were traded in 6,404 deals, valued at N8.8 billion.

The Market Breadth closed positive as 33 equities appreciated in their share prices against 9 equities that declined in their share prices.

Percentage Gainers

JAPAULGOLD led other gainers with 10.00% growth to close at N0.33 from the previous close of N0.30.

Honeywell Flour and Berger Paints among other gainers also grew their share prices by 9.91% and 9.87% respectively.

Percentage Losers

WAPIC led other price decliners as it shed 7.32% of its share price to close at N0.38 from the previous close of N0.41.

NGXGROUP and RTBRISCOE among other price decliners also shed their share prices by 4.89% and 4.00% respectively.

Volume Drivers

ACCESSCORP traded about 217 million units of its shares in 1,275 deals, valued at about N2.3 billion.

TRANSCORP traded about 111 million units of its shares in 134 deals, valued at N299.9 million.

Fidelity Bank traded about 30.7 million units of its shares in 234 deals, valued at about N175.8 million.