Market gains N17bn as NGXASI closes 0.08% higher

The Nigerian equity market on Friday closed higher as the All Share Index appreciated by 0.08% to settle at 42,282.85 points from the previous close of 42,230.48 points.

The Market Capitalisation was up by 0.08% to close at N22.060 trillion from the previous close of N22.043 trillion, thereby gaining N17 billion.

An aggregate of 111.8 million units of shares were traded in 2,073 deals, valued at N911.9 million.

The Market Breadth closed negative as 12 equities appreciated in their share prices against 13 equities that declined in their share prices.

Percentage Gainers

Union Bank led other gainers with 9.90% growth to close at N5.55 from the previous close of N5.05.

Consolidated Hallmark Insurance, Sovereign Trust Insurance and PZ among other gainers also grew their share prices by 9.37%, 8.33% and 7.20% respectively.

Percentage Losers

Corner Stone Insurance led price decliners’ table as it shed 9.80% of its share price to close at N0.46 from the previous close of N0.51.

UPDC, Jaiz Bank and Japaul Gold among other price decliners also shed their share prices by 3.39%, 3.13% and 2.63% respectively.

Volume Drivers

TRANSCORP traded about 11.5 million units of its shares in 54 deals, valued at about N11.4 million.

Union Bank of Nigeria traded about 9.89 million units of its shares in 96 deals, valued at N34.6 million.

Access Bank traded about 9.88 million units of its shares in 118 deals, valued at N88.2 million.

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