Nigerian Bourse advances by 0.13% as MTN, others rally

The Nigerian Exchange on Thursday closed on a positive note, occasioned by 1.90% growth in the share price of MTN.

The All Share Index grew by 0.13% to close at 46,965.48 points from the previous close of 46,904.48 points.

Investors gained N33 billion as the Market Capitalisation grew by 0.13% to close at N25.312 trillion from the previous close of N25.279 trillion.

An aggregate of 256 million units of shares were traded in 4,227 deals, valued at N3.66 billion.

The Market Breadth closed negative as 14 equities emerged as gainers against 30 equities that declined in their share prices.

Percentage Gainers

Meyer Plc led other gainers with 10% growth, closing at N0.66 from the previous close of N0.60.

AXA Mansard and FBNH among other gainers also grew their share prices by 9.72% and 6.90% respectively.

Percentage Losers

Northern Nigerian Flour Mills led other price decliners, shedding 10% of its share price to close at N9 from the previous close of N10.

Neimeth Pharmaceuticals and Berger Paints among other price decliners also shed their share prices by 9.55% and 9.33% respectively.

Volume Drivers

Fidelity Bank traded about 77.34 million units of its shares in 197 deals, valued at N242.27 million.

UACN traded about 16.95 million units of its shares in 78 deals, valued at N198.69 million.

Chams Plc traded about 15.45 million units of its shares in 27 deals, valued at N3.2 million.

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