The Nigerian equities market on Thursday closed on a positive note as the All Share Index rose by 0.77% to settle at 23,892.92 points from the previous close of 23,709.44 points on Wednesday.
Investors gain N85 billion as market capitalisation grew by 0.69% to close at N12.441 trillion from the previous close of N12.356 trillion.
Aggregate volume of 182.74 million units of shares were traded in 4,542 deals, valued at N2.33 billion.
Market Breadth
The market breadth closed positive as 18 equities appreciated in their share prices while 14 equities declined in their share prices.
Percentage Gainers
Fidson Healthcare led other percentage gainers with 9.62% growth to close at N2.62 from the previous close of N2.39.
NPF Microfinance Bank, May & Baker, FCMB and Regency Alliance Insurance among other gainers also grew their share prices by 9.46%, 5.78%, 5.26% and 5.00% respectively.
Percentage Losers
Custodian Investment led other price decliners, shedding 9.52% of its share price to close at N5.70 from the previous close of N6.30.
Unity Bank, AIICO Insurance, NEM Insurance and Linkage Assurance among other price decliners also shed their share prices by 8.33%, 7.53%, 7.41% and 6.82% respectively.
Volume Drivers
- Zenith Bank traded about 27.28 million units of its shares in 401 deals, valued at N413.34 million.
- Guaranty Trust Bank traded about 24.62 million units of its shares in 247 deals, valued at N540.71 million.
- First Bank of Nigeria Holdings (FBNH) traded about 18.84 million units of its shares in 309 deals, valued at N92.82 million.