Mobil, 19 other stocks made gainers’ list despite market decline of 0.16%, Friday

Despite the public holiday declared by the Federal Government in preparation for the 2019 General Election, trading was actively done on the floor of the Nigerian Stock Exchange where 20 stocks emerged on the gainers list.

The Nigerian equities market on Friday recorded a decline of 0.16% as the All Share Index shed 53.14 points to close at 32,515.52 points from the previous close of 32,568.66 points on Thursday.

Market capitalisation declined by 0.16% to close at N12.126 trillion against the previous close of N12.145 trillion, shedding about N19 billion

Aggregate volume and value of traded stocks closed at 221.47 million units and N2.24 billion in 2,659 deals.

Market Breadth

The market breadth closed positive as 20 stocks gained against 17 stocks that lost.

Percentage Gainers

Initiate Plc with 8.96% growth led other percentage gainers to close at N0.73 from the previous close of N0.67. This is followed by Japaul Oil, MCNICHOLS, Ikeja Hotels and Union Diagnostics, gaining 8.70%, 8.51%, 7.04% and 6.90% respectively.

Mobil (now called 11 Plc) closed at N178 from the previous close of N170, growing its share price by 4.71%

Percentage Losers

Cadbury shed 9.57% of its share price, leading the decliners’ list to close at N10.40 from the previous close of N11.50. This is followed by Livestock Feeds which shed 7.94% of its share price to close at N0.58 from the previous close of N0.63.

Volume Drivers

  • Diamond Bank traded about 40.72 million units of its shares valued at about N98.66 million in 107 deals.
  • Access Bank traded about 22.68 million units of its shares valued at about N144.23 million in 166 deals.
  • Guaranty Trust Bank traded about 19million units of its shares valued at about N729.98 million in 144 deals.

 

 

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