The Nigerian equity market on Friday bounced back from eight straight sessions of losses as the All Share Index grew by 1.42% to settle at 50,370.25 points from the previous close of 49,667.14 points.
Investors gained 380 billion as The Market Capitalisation was up by 1.42% to close at N27.163 trillion from the previous close of N26.783 trillion.
An aggregate of 254.8 million units of shares were traded in 4,905 deals, valued at N2.8 billion.
The Market Breadth closed positive as 25 equities appreciated in their share prices against 13 equities that declined in their share prices.
Percentage Gainers
Unity Bank of Nigeria led the gainers with 10.00% growth to close at N5.50 from the previous close of N5.00.
MULTIVERSE, UCAP and TRANSCORP among other gainers also grew their share prices by 9.94%, 9.90% and 9.80% respectively.
Percentage Losers
PZ led price decliners’ table as it shed 9.57% of its share price to close at N8.50 from the previous close of N9.40.
CAVERTON, Wema Bank and Academy Press among other price decliners also shed their share prices by 9.09%, 8.36% and 7.50% respectively.
Volume Drivers
Zenith Bank traded about 23 million units of its shares in just 549 deals, valued at about N459 million.
Flour mills Nigeria traded about 19 million units of its shares in 60 deals, valued at about N575 million.
UBA traded about 16 million units of its shares in 260 deals, valued at N108 million.