Nigerian bourse bounces back, gains 1.21% with a positive breadth

The Nigerian equities market opened the week on a negative note, bounced back to green on Tuesday, lost again on Wednesday and Thursday but closed the week on a positive note on Friday as the All Share Index grew 1.21 percent, adding 492.060 points, to close at 41,244.89 away from the previous close of 40,752.83.
The market capitalisation with about N219 billion increase closed at N14.940 trillion, as against N14.721, which is also 1.49 percent corresponding DnD growth.

The red printed portion shows other market indicators, as there was decline in aggregate deals, volume and value of 917, 58.844million units and N3.466 trilion, implying 19.18 percent, 15.56 percent and 55.36 percent respectively.

Market Breadth

Trading activities for the day produced 25 gainers and 15 losers, bringing the market to a positive round up


International Breweries with 10.21% topped the percentage gainers’ chart, trailed by other stocks like Consolidated Hallmark Insurance and FBNH, both grew above 5%.


Forte Oil, which lost 4.94% led other performers with negative price percentage change. Stocks such as NPF Microfinance bank, Law union and Rock ins., Cadbury, Unity bank, Wema bank and AIICO Insurance also lost above 4%

Best Stocks

FBNH retains our best stocks for the second time in a roll with 36.077 million units of shares in 422 deals, worth N437.066 million.

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