Investors gain N165bn as stock market rises by 1.11%

Transactions on the floor of the Nigerian Stock Exchange on Friday closed on a positive note as the All Share Index appreciated by 1.11% to settle at 28,659.45 points from the previous close of 28,344.04 points.

Investors gained N165 billion as Market Capitalisation grew by 1.11% to close at N14.980 trillion from the previous close of N14.815 trillion.

An aggregate of 489.1 million units of shares were traded in 5,652 deals, valued at N4.72 billion.

Market Breadth

The market breadth closed positive as 30 stocks gained against 11 that declined in their share prices.

Percentage Gainers

Total Plc with 10% growth, led the gainers to close at N112.20 from the previous close of N102.

International Breweries, Cadbury, Presco and UBA among other gainers also grew their share prices by 9.90%, 9.52%, 8.93% and 8.27% respectively.

Percentage Losers

Cutix Plc led other price decliners as it shed 10% of its share price to close at N1.62 from the previous close of N1.80.

Etranzact, Consolidated Hallmark Insurance and Eterna Plc among other price decliners also shed their share prices by 9.42%, 8.11% and 7.37% respectively.

Volume Drivers

UBA traded about 100.23 million units of its shares in 492 deals, valued at about N696.29 million.

Zenith Bank traded about 73.93 million units of its shares in 810 deals, valued at about N1.56 billion.

FBN Holdings traded about 54.22 million units of its shares in 326 deals, valued at N344 million.

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