Nigerian stock market sustains gains, closes 0.12% higher, Friday

Trading activities on the floor of the Nigerian Stock Exchange closed positive on Friday, extending its winning streak to two straight sessions for the week.

The All-Share Index grew 0.12 percent to settle at 32,456.98 points, as against the 32,417.82 points it closed on Thursday, adding a total of 39.160 points.

The market capitalisation also soared by N14 billion, settling at N11.849 trillion against N11.835 trillion recorded in the previous trading session, representing 0.12% growth.

In volume, the transactions recorded was 9.35% higher than the previous and the value of the day’s transactions dropped by 21.70% to arrive at about 162 million units and N2.2 billion respectively.

Market Breadth

Market Breadth closed negative with 16 gaining stocks paired against 18 losing stocks for the day.

Percentage gainers

Wema Bank led gainers’ chart, gaining 10.00% of its price to close at N0.66 away from N0.60 it closed previously.

International Breweries, WAPIC and Japaul Oil, all grew above 4.00% at the end of Friday’s trading among other stocks on the green table.

Percentage losers

Champion Brew led other 17 stocks on the percentage price losers’ chart, shedding 10.00% of its price. This is followed by CUTIX and HoneyWell Flour, losing 9.93% each while MANSARD lost 9.09%.

Volume Drivers

Honeywell Flour traded about 23 million units of its share, in 231 deals which is valued at about N189 million



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