Market sustains uptrend as NGXASI advances by 0.46%

The Nigerian equity market on Friday closed on a positive note assisted by gains in the share prices of Dangote Cement and MTN by 2.09% and 0.06% respectively.

The All Share Index appreciated by 0.46% to settle at 38,726.10 points from the previous close of 38,548.24 points. Investors gained N93 billion as Market Capitalisation grew by 0.46% to close at N20.185 trillion from the previous close of N20.092 trillion.

An aggregate of 199.063 million units of shares were traded in 3,150 deals, valued at N1.59 billion.

The Market Breadth closed positive as 22 equities appreciated in their share prices against 10 equities that declined in their share prices.

Percentage Gainers

  • Morison Industries led other gainers with 9.71% growth to close at N1.13 from the previous close of N1.03.
  • Veritas Kapital Assurance and University Press among other gainers both grew their share prices by 9.09% respectively.

Percentage Losers

  • CWG led other price decliners as it shed 9.47% of its share price to close at N1.53 from the previous close of N1.69.
  • Regency Assurance and Royal Exchange among other price decliners also shed their share prices by 9.09% and 7.69% respectively.

Volume Drivers

  • Sovereign Trust Insurance traded about 31.785 million units of its shares in 41 deals, valued at about N8.35 million.
  • FCMB traded about 28.27 million units of its shares in 88 deals, valued at N90.53 million.
  • Royal Exchange traded about 10.85 million units of its shares in 72 deals, valued at N72.23 million.

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