Stock market advances by 0.02%, investors gain N5bn

The Nigerian stock market on Friday closed on a positive note as the All Share Index grew by 0.02% to close at 39,261.01 points from the previous close of 39,252.19 points.

Investors gained N5 billion as the Market Capitalisation grew by 0.02% to close at N20.456 trillion from the previous close of N20.451 trillion.

An aggregate of 180.3 million units of shares were traded in 3,158 deals, valued at N1.72 billion.

The Market Breadth closed negative as 13 equities appreciated in their share prices against 16 equities that declined in their share prices.

Percentage Gainers

Neimeth led other gainers with 7.57% growth, closing at N1.99 from the previous close of N1.85.

Transcorp, UDPC and Sovereign Trust Insurance among other gainers also grew their share prices by 5.62%, 4.68% and 4.00% respectively.

Percentage Losers

Mutual Benefits Assurance led other price decliners as it shed 9.68% of its share price, closing at N0.28 from the previous close of N0.31.

FTN Cocoa and NPF Microfinance Bank among other price decliners also shed their share prices by 8.16% and 7.89% respectively.

Volume Drivers

Transcorp traded about 20.53 million units of its shares in 112 deals, valued at N18.69 million.

Access Bank traded about 18.53 million units of its shares in 286 deals valued at N170.48 million.

Unity Bank traded about 15.29 million units of its shares in 55 deals, valued at N7.88 million.

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