Investors gain N163bn as market advances by 0.83%

The equity market on Friday closed on a positive note, occasioned by gain in the share price of Dangote Cement by 4.03%.

The All Share Index appreciated by 0.83% to settle at 38,212.01 points from the previous close of 37,898.56 points.

Investors gained N163 billion as Market Capitalisation grew by 0.83% to close at N19.919 trillion from the previous close of N19.756 trillion.

An aggregate of 209.19 million units of shares were traded in 3,240 deals, valued at N2.01 billion.

The Market Breadth closed positive as 23 equities appreciated in their share prices against 15 equities that declined in their share prices.

Percentage Gainers

NASCON Allied Industries led other gainers with 9.76% growth, closing at N15.75 from the previous close of N14.35.

Ikeja Hotel and Berger Paints among other gainers also grew their share prices by 9.59% and 9.52% respectively.

Percentage Losers

University Press led other price decliners as it shed 8.98% of its share price to close at N1.52 from the previous close of N1.67.

Linkage Assurance and FCMB among other price decliners also shed their share prices by 7.61% and 7.46% respectively.

Volume Drivers

Wema Bank traded about 36.07 million units of its shares in 146 deals, valued at N24.64 million.

Courtville Business Solution traded about 20.80 million units of its shares in 31 deals valued at N4.29 million.

Fidelity Bank traded about 19.11 million units of its shares in 111 deals, valued at N44.39 million.

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