MTN Nigeria led 14 other gainers as market grew by 1.53%

The Nigerian equities market on Friday closed in green as the All Share Index grew further by 1.53% to close at 28,871.93 points against the previous close of 28,438.19 points on Thursday.

Market capitalisation closed at N12.717 trillion, gaining N191 billion from the previous close of N12.526 trillion on Thursday.

Aggregate volume of traded stocks for the day was 267.84 million units, valued at N7.52 billion in 3,684 deals.

Market Breadth

The market breadth closed positive as 15 stocks gained, while 14 stocks declined in their share prices.

Percentage Gainers

MTN Nigeria with 10% growth led other gainers to lose at N108.9 from the previous close of N99 on Thursday.

Cutix and Royal Exchange Assurance among other gainers also both grew their share prices by 9.09% to close at N1.8 and N0.24 respectively.

Percentage Losers

Forte Oil, Champions Breweries and FCMB among other price decliners shed their share prices by 10%, 9.30% and 8.82% respectively.

Volume Drivers

  • MTN Nigeria traded about 32.1 million units of its shares, in 49 deals, valued at N3.496 billion.
  • TRANSCORP traded 59 million units of its shares, in 137 deals, valued at N72.247million.


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