Stock market advances by 0.08%, investors gain N17bn

The Nigerian stock market on Friday closed on a positive note as the All Share Index appreciated by 0.08% to close at 39,522.34 points from the previous close of 39,490.06 points.

Investors gained N17 billion as the Market Capitalization grew by 0.08% to close at N20.592 trillion from the previous close of N20.575 trillion.

An aggregate of 188.84 million units of shares were traded in 3,267 deals, valued at N3.22 billion.

The Market Breadth closed negative as 20 equities appreciated in their share prices against 15 equities that declined in their share prices.

Percentage Gainers

FTN Cocoa led other gainers with 10% growth, closing at N0.44 from the previous close of N0.40.

Honeywell Flour, Prestige Assurance and UDPC among other gainers also grew their share prices by 9.63%, 9.09% and 8.85% respectively.

Percentage Losers

Cutix Plc led other price decliners as it shed 9.91% of its share price, closing at N5 from the previous close of N5.55.

Juli Plc and Sovereign Trust Insurance among other price decliners also shed their share prices by 9.90% and 7.14% respectively.

Volume Drivers

Flour Mills of Nigeria traded about 52.47 million units of its shares in 122 deals, valued at N1.597 billion.

Honeywell Flour traded 15.49 million units of its shares in 169 deals valued at N31.64 million.

Sterling Bank traded about 13.68 million units of its shares in 40 deals, valued at N21.17 million.

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