Investors gain N183bn as stock market rises by 0.31%

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Trading of equities on the floor of the Nigerian Exchange on Wednesday closed on a positive note as 34 equities grew their share prices.

The All Share Index grew by 0.31% to close at 98,509.68 points from the previous close of 98,206.97 points.

The Market Capitalization closed at N59.715 trillion, up by 0.31% from the previous close of N59.532 trillion. This implies a gain of N183 billion by investors.

Year to date, the market has returned 31.74%.

An aggregate of 320.1 million units of shares were traded in 7,943 deals, valued at N6.478 billion.

MARKET BREADTH:

The Market Breadth closed positive as 34 stocks closed positive while 17 stocks declined in their share prices.

TOP 5 GAINERS:

Africa Prudential, Conoil and RT BRISCOE led other gainers with 10% growth, closing at N14.30, N352 and N2.42 respectively.

Golden Guinea Breweries, NEM Insurance, Tantalizer and Trans Nationwide Express also grew thier share prices by 9.95%, 9.74%, 9.59% and 9.52% respectively.

TOP 5 LOSERS:

Julius Berger led other price decliners, shedding 10% of it share price to close at N155.25 from the previous close of N172.50.

NSLTECH, Multiverse, Haldane McCall and Honeywell Flour shed thier share prices by 9.52%, 7.63%, 6.07% and 5.62% respectively.

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