The Nigerian Stocks market rebound to close the week in green after five straight red sessions, buoyed by gains in Dangote Cement and Bank dominated gainers’ table, led by FCMB.
The All-Share Index closed at 30,874.17 points, away from the previous close of 30,611.55 points, while the market capitalization closed at N11.271trillion, adding N95billion above the N11.176trillion it closed on Thursday.
Volume and value of shares traded declined by 43.52% and 46.34% to arrive at 249.422million units and N2.393 billion below the previous close of 441.605million units and N4.460billion respectively.
Market Breadth
With 22 stocks ending in green against 15 which ended in red, brought the market breadth to a positive round off
Percentage Gainers
FCMB with 9.85% growth tops the percentage gainers’ chart, closing at N1.45 above N1.32 it closed on Thursday.
Other price percentage gainers for the day are: 11 PLC, NAHCO, UBA and Fidelity Bank with 93.8%, 8.11%, 6.38% and 5.88% growth respectively.
Percentage Losers
CAP PLC tops the losers’ chart losing 9.87% of its share price to close the day at N31.50 against N34.95 recorded in the previous trading session.
This is followed by Niger Insurance, Custodian and Eternal Oil all shedding 8.33%, 7.55% and 6.67% respectively
Volume Drivers
Diamond Bank traded the highest volume of about 121million units of its shares in 205 deals, valued at about N78million.
Zenith Bank traded about 20million units of its shares in 187 deals, worth at about N463million.