Nigerian Stock Market Gains N49bn, Closes 0.37% higher, Friday

The Nigerian equities market on Friday closed on a positive note as the All Share Index rose by 0.37% to close at 27,525.81 points from the previous close of 27,425.57 points on Thursday.

Market capitalisation closed at N13.391 trillion, gaining N49 billion from the previous close of N13.342 trillion on Thursday.

Aggregate volume of traded stocks closed at 124.78 million units, valued at N1.8 billion in 3,089 deals.

Market Breadth

The market breadth closed positive as 21 stocks gained while 17 stocks declined in their share prices.

Percentage Gainers

 

UACN led the gainers’ list, gaining 9.89% to close at N5.00 from the previous close of N4.55.

Sterling Bank, Stanbic IBTC and Unity Bank among others also grew their share prices by 9.17%, 8.57% and 7.69% respectively.

Percentage Losers

Glaxosmith, Royal Exchange Assurance and Continental Reinsurance among other price decliners shed 9.43%, 9.09% and 7.64% of their share prices respectively.

Volume Drivers

  • Access Bank traded about 22.85 million units of its shares in 153 deals, valued at N148.87 million.

 

  • Fidelity Bank traded about 11.33 million units of its shares in 125 deals, valued at N18.97 million.

 

  • Guaranty Trust Bank traded about 11.12 million units of its shares in 250 deals, valued at N302.6 million.

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