The Nigerian equities market on Friday closed on a positive note as the All Share Index grew further by 1.63% to settle at 22,921.59 points from the previous close of 22,554.84 points on Thursday.
Market Capitalisation rose by 1.62% to close at N11.946 trillion from the previous close of N11.755 trillion, thereby gaining N191 billion.
Aggregate volume of traded stocks closed at 231.6 million units, down by 38.91% from the previous close of 379.1 million units.
The value of traded stocks was N2.61 billion, down by 39.67% from the previous close of N4.33 billion.
Total number of deals at the close of trade was 4,521, down by 24.46% from the previous close of 5,985 deals.
Market Breadth
The market breadth closed positive as 19 equities gained while 9 equities declined in their share prices.
Percentage Gainers
PZ and NASCON Allied Industries led other gainers with 10% growth, closing at N4.40 and N9.35 respectively.
Nigerian Breweries and Conoil among other gainers also grew their share prices by 9.85% and 9.78% respectively.
Percentage Losers
Cadbury led other price decliners, shedding 10% of its share price to close at N6.30 from the previous close of N7.00.
Ardova Plc (formerly Forte Oil) and Oando among other price decliners also shed their share prices by 9.82% and 9.03% respectively.
Volume Drivers
First Bank of Nigeria Holdings ( FBNH) traded about 47.7 million units of its shares in 460 deals, valued at N219.7 million.
UBA traded about 36.53 million units of its shares in 271 deals, valued at N220.47 million.
Guaranty Trust Bank traded about 32.85 million units of its shares in 503 deals, valued at N686.88 million.