Stock market closes bullish with market capitalisation up N28.62trn 

By Cynthia Ezekwe 

The stock market in Nigeria closed positive with N28.62 trillion market capitalization, on Tuesday, 9 May.

The All Share Index (ASI) settled at 52,605.41 basis points, ass it advanced by 0.05 per cent.

Meanwhile, a total of 640.97 million  shares valued at N7.13 billion were exchanged in 5,684 deals.

ACCESSCORP led volume and value charts with 129.73 million units traded in deals worth N1.48 billion.

Market breadth closed positive as  CONOIL topped twenty-two others on the gainers table, while UNITYBNK topped fourteen others on the losers table.

Conoil’s share appreciated by N4.40 kobo to close at  N48.40kobo per share; Multiverse grew by N0.34kobo, to close at  N3.75kobo per share; John Holt appreciated N0.17kobo  to close at N1.91kobo; CWG gained N0.14kobo to end trading at N1.59kobo; while Transcorp’s stock was up N0.17kobo, to close  at N1.96kobo.

On the contrary, Unity Bank depreciated by 9.26 per cent,  to close at N0.49 kobo per share; Japaul Gold depreciated by  by 8.82 per cent to close at N0.31kobo; Cutix followed the same path, losing N0.22kobo after trading hours, to sell at N2.28kobo from N2.50kobo per share; Nigerian Breweries reported a decline of N2.90kobo from the previous day’s share price of N35 to end trading at N32.10kobo per share; while  Academy share depreciated to N1.65kobo from N1.75kobo, after losing N0.10kobo during trading hours.

At the end of the trading activities on Tuesday,  the year-to-date (YTD) return rose to 2.64 per cent while the market capitalization rose by N14.70 billion to close at N28.64 trillion.