Investors gain N69bn as market rises by 0.47%

The Nigerian equity market on Friday closed on a positive note as the All Share Index appreciated by 0.47% to settle at 28,697.06 points from the previous close of 28,563.87 points.

Investors gain N69 billion as market capitalization grew by 0.46% to close at N14.999 trillion from the previous close of N14.930 trillion

An aggregate of 282.97 million units of shares were traded in 2,942 deals, valued at N 4.43 billion.

Market Breadth 

The market breadth closed positive as 20 equities gained while 6 equities declined in their share prices.

Percentage Gainers

NASCON Allied Industries Plc led other gainers with 10% growth to close at N14.30 from Wednesday’s close of and N13.00.

Neimeth, PZ and Cutix Plc among other gainers also grew their share prices by 9.44%, 7.32% and 6.74% respectively.

Percentage Losers

Northern Nigerian Flour Mills (NNFM) led price decliners chart as it shed 9.89% of its share price to close at N4.19 from the previous close of N4.65.

Other price decliners include: Mutual Benefit Assurance (-4.76%), NPF Microfinance Bank (-4.29%), Honeywell Flour (-4.21%), Union Diagnostics (-3.70%) and Vitafoam (-3.23%).

Volume Drivers

Access Bank traded about 80.54 million units of its shares in 282 deals, valued at about N622.88 million.

Guaranty Trust Bank traded about 76.5 million units of its shares in 152 deals, valued at N2.298 billion.

UBA traded about 24.93 million units of its shares in 195 deals, valued at N174.4 million.

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