Stock market rebounds by 0.02%, gains N3bn

The Nigerian stock market on Friday closed on a positive note as the All Share Index appreciated by 0.02% to close at 25,309.37 points from the previous close of 25,304.25 points.

Market capitalisation grew by 0.02% to close at N13.204 trillion from the previous close of N13.201 trillion, thereby gaining N3 billion.

An aggregate of 137.05 million units of shares were traded in 2,869 deals, valued at N920.53 million.

 

Market Breadth

The market breadth closed negative as 12 equities appreciated in their share prices against 13 equities that declined in their share prices.

 

Percentage Gainers

FTN Cocoa led other percentage gainers with 9.09% growth to close at N0.24 from the previous close on N0.22.

Royal Exchange and Wapic Insurance among other gainers also grew their share prices by 8.33% and 6.06% respectively.

 

Percentage Losers

Guinness Nigeria led other price decliners as it shed 9.29% of its share price to close at N14.15 from the previous close of N15.60.

Jaiz Bank and Japaul Oil among other price decliners also shed their share prices by 7.94% and 4.55% respectively.

 

Volume Drivers

  • Access Bank traded 25.78 million units of its shares in 126 deals, valued at N162.5 million.
  • FBN Holding traded 15.65 million units of its shares in 252 deals, valued at N77.66 million.
  • FTN Cocoa traded about 11.34 million units of its shares in 54 deals, valued at N2.34 million.

 

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