Stock market advances by 0.02%, investors gain N5bn

The Nigerian stock market on Friday closed on a positive note, assisted by 0.29% gain in the share price of MTN.

The All Share Index appreciated by 0.02% to close at 39,485.65 points from the previous close of 39,477.18 points.

Investors gained N5 billion as the Market Capitalisation grew by 0.02% to settle at N20.573 trillion from the previous close of N20.568 trillion.

An aggregate of 232.85 million units of shares were traded in 3,351 deals, valued at N1.85 billion.

The Market Breadth positive as 18 equities appreciated in their share prices against 10 equities that declined in their share prices.

Percentage Gainers

Morison Industries led other gainers with 9.47% growth, closing at N1.85 from the previous close of N1.69.

FTN Cocoa, Sovereign Trust Insurance and UDPC among other gainers also grew their share prices by 9.09%, 8.70% and 8.28% respectively.

Percentage Losers

Unilever led other price decliners as it shed 10% of its share price, closing at N13.50 from the previous close of N15.

NASCON, AIICO and Veritas Capital among other price decliners also shed their share prices by 9.87%, 4.85% and 4.17% respectively.

Volume Drivers

Transcorp traded about 45.13 million units of its shares in 159 deals, valued at N42.14 million.

Mutual Benefit Assurance traded about 29.26 million units of its shares in 34 deals valued at N8.87 million.

GTCO traded about 22.09 million units of its shares in 244 deals, valued at N614.25 million.

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