Transactions on the floor of the Nigerian Stock Market on Friday closed on a positive note as the All Share Index appreciated by 1.64% to close at 49,638.94 points from the previous close of 48,837.76 points.
Investors gained N432 billion as the Market Capitalisation grew by 1.64% to close at N26.761 trillion from the previous close of N26.329 trillion.
An aggregate of 6.4 billion units of shares were traded in 6,378 deals, valued at N30 billion.
Market Breadth
The market breadth closed positive as 36 equities appreciated in their share prices against 12 equities that declined in their share prices.
Percentage Gainers
Nem Insurance led other gainers with 10% growth, closing at N4.40 from the previous close of N4.00.
Academy Press and CADBURY among other gainers also grew their share prices by 9.70% and 9.63% respectively.
Percentage Losers
NPF Microfinance led other price decliners as it shed 10% of its share price to close at N1.98 from the previous close of N2.20.
Trans-nationwide Express and ETERNA Oil among other price decliners also shed their share prices by 8.99% and 7.38% respectively.
Volume Drivers
Honeywell Flour traded about 6 billion units of its shares in 165 deals, valued at about N25.6 billion.
TRANSCORP traded 36 million units of its shares in 203 deals, valued at N42 million.
GTCO traded about 14.9 million units of its shares in 317 deals, valued at 357 million.