Market rebounds with 0.19% growth, gains N47bn

The Nigerian stock market on Friday halted days of downtrend as the All Share Index appreciated by 0.19% to close at 46,631.46 points from the previous close of 46,543.51 points.  

The Market Capitalisation appreciated by 0.19% to close at N25.139 trillion from the previous close of N25.092 trillion, thereby gaining N47 billion.

An aggregate of 154 million units of shares were traded in 4,515 deals, valued at 1.75 billion.

The Market Breadth closed positive as 28 equities emerged as gainers against 16 equities that declined in their share prices.

Percentage Gainers

ARDOVA led the gainers chart with 9.87% growth, closing at N12.80 from the previous close of N11.65.

MEYER and Jaiz Bank also grew their share prices by 9.71% and 7.81% respectively.

Percentage Losers

Royal Exchange led other price decliners as it shed 9.52% of its share price to close at N0.95 from the previous close of N1.05.

CWG and CAVERTON among other price decliners also shed their share prices by 9.26% and 7.35% respectively.  

Volume Drivers

Fidelity Bank traded about 20 million units of its shares in 240 deals, valued at N71.9 million.

Zenith Bank traded about 12 million units of its shares in 455 deals, valued at N274 million.

UBA traded about 12 million units of its shares in 231 deals, valued at N90.7 million.

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