Business News

Nigerian Market Gains N17bn as NGXASI rises marginally by 0.06%

Asi May 31 1

The Nigerian stocks market on Wednesday closed higher as the All Share Index rose by 0.06% to settle at 53,086.46 points from the previous close of 52,908.24 points.

The Market Capitalisation was up by 0.35% to close at N55.769 trillion from the previous close of N55.738 trillion, thereby gaining N17 billion.

An aggregate of 661.5 million units of shares were traded in 10,024 deals, valued at N18.998 billion.

The Market Breadth closed negative as 30 equities appreciated in their share prices against 39 equities that declined in their share prices.

Percentage Gainers

gainers May 31

MCNICHOLS, Verital Kapital and Jaiz Bank led other gainers with 10.00% growth each.

CONOIL, MRS and NEIMETH among other gainers also grew their share prices by 9.96%, 9.93% and 9.87% respectively.

Percentage Losers

Decliners May 31 1

NASCON led price decliners’ table as it shed 9.79% of its share price to close at N15.200 from the previous close of N16.85.

RTBRISCOE, GLASXOSMITH and CAVERTON among other price decliners also shed their share prices by 9.76%, 9.58% and 9.35% respectively.

Volume Drivers

VD May 31

ACCESSCORP traded about 98.7 million units of its shares in 772 deals, valued at about N1.19 billion.

UBA traded about 90 million units of its shares in 890 deals, valued at N891.6 million.

Zenith Bank traded about 44.5 million units of its shares in 773 deals, valued at about N1.26 billion.