The Nigerian stock market on Friday closed higher as the All Share Index (ASI) grew by 0.34% to settle at 53,098.46 points from the previous close of 52,917.76 points on Thursday.

Market capitalization grew by 0.34% to close at N28.626 trillion from the previous close of N28.528 trillion, adding N98 billion.

An aggregate of 303 million units of shares were traded in 7,019 deals, valued at N3.57 billion.

Market Breadth

The market breadth closed positive as 29 equities appreciated in their share prices against 28 equities that declined in their share prices.

Percentage Gainers

Northern Nigeria Flourmill led other gainers with 9.94% growth to close at N9.95 from Thursday’s close of and N9.05.

MCNOCHOLS, NEIMETH and Transcorp Hotel among other gainers also grew their share prices by 9.84%, 9.71% and 9.66% respectively.

Percentage Losers

Champion Breweries led price decliners chart as it shed 9.90% of its share price to close at N4.37 from the previous close of N4.85.

International Breweries, Academy Press and TRIPPLEG among other price decliners also shed their share prices by 9.74%, 9.58% and 9.38% respectively.

Volume Drivers

TRANSCORP traded about 38 million units of its shares in 165 deals, valued at about N48 million.

WAPCO traded 15 million units of its shares in 475 deals, worth N475 million.

GTCO traded about 14 million units of its shares in 305 deals, valued at about 333 million.