The Nigerian equity market on Friday closed on a negative note occasioned by drop in the share price of MTN by 1.39%.
The All Share Index dropped by 0.14% to settle at 39,156.28 points from the previous close of 39,210.10 points. The Market Capitalisation declined by 0.14% to close at N20.409 trillion from the previous close of N20.437 trillion, thereby shedding N28 billion.
The market eventually closed the week on a positive note as it returns 1.11% week to date. Year to date the market has returned -2.77%.
An aggregate of 289 million units of shares were traded in 3,719 deals, valued at N3.545 billion.
The Market Breadth closed positive as 25 equities appreciated in their share prices against 16 equities that declined in their share prices.
Percentage Gainers
- Cutix Plc led other gainers with 9.88% growth to close at N2.78 from the previous close of N2.53.
- Jaiz Bank and Mutual Benefit Assurance among other gainers also grew their share prices by 9.26% and 6.98% respectively.
Percentage Losers
- Champion Breweries and NEM Insurance led other price decliners as they shed 10% of their share prices to close at N1.80 respectively.
- Royal Exchange Plc and FTN Cocoa among other price decliners also shed their share prices by 9.33% and 8.33% respectively.
Volume Drivers
- Sterling Bank traded about 32.09 million units of its shares in 450 deals, valued at N629.22 million.
- Vitafoam traded about 27.60 million units of its shares in 68 deals, valued at N331.06 million.
- Zenith Bank traded about 25.72 million units of its shares in 237 deals, valued at N594.70 million.