The Nigerian stock market on Friday bounced back from the last three previous losses as the All Share Index rose by 1.71% to settle at 52,215.12 points from the previous close of 51,339.01 points.
The Market Capitalisation was up by 1.71% to close at N28.158 trillion from the previous close of N27.685 trillion, thereby gaining N473 billion.
An aggregate of 190 million units of shares were traded in 3,893 deals, valued at N4 billion.
The Market Breadth closed negative as 20 equities appreciated in their share prices against 22 equities that declined in their share prices.
Percentage Gainers
Wema Bank and Airtel Africa led other gainers with 10.00% growth each to close at N3.74 and N1,905.40 from the previous close of N3.40 and N1,732.20 respectively.
UPDC and Champion Breweries among other gainers also grew their share prices by 8.62% and 8.45% respectively.
Percentage Losers
Fidson led price decliners’ table as it shed 9.95% of its share price to close at N9.41 from the previous close of N10.45.
Northern Nigeria Flourmills and Linkage Assurance among other price decliners also shed their share prices by 9.95% and 8.62% respectively.
Volume Drivers
GTCO traded about 14.8 million units of its shares in 339 deals, valued at about N310 million.
UBA traded about 14.7 million units of its shares in 161 deals, valued at N109 million.
ACCESSCORP traded about 10.8 million units of its shares in 205 deals, valued at about N99 million.