Stock market rebounds with 0.02% growth, investors gain N5bn

The Nigerian stock market on Friday closed on a positive note as the All Share Index appreciated marginally by 0.02% to settle at 38,810.75 points from the previous close of 38,801.51 points.

Investors gained N5 billion as Market Capitalisation grew by 0.02% to close at N20.221 trillion from the previous close of N20.216 trillion.

An aggregate of 167.778 million units of shares were traded in 3,267 deals, valued at N1.66 billion.

The Market Breadth negative as 10 equities appreciated in their share prices against 12 equities that declined in their share prices.

Percentage Gainers

Transcorp Hotel led other gainers with 9.80% growth, closing at N3.92 from the previous close of N3.57.

Regency Assurance, Oando and Ardova among other gainers also grew their share prices by 6.67%, 4.13% and 3.33% respectively.

Percentage Losers

Juli Plc led other price decliners as it shed 9.76% of its share price, closing at N1.11 from the previous close of N1.23.

Africa Prudential and Consolidated Hallmark Insuarnce among other price decliners also shed their share prices by 5.51% and 3.28% respectively.

Volume Drivers

FBNH traded about 27.28 million units of its shares in 136 deals, valued at N199.56 million.

GTCO traded 14.38 million units of its shares in 294 deals valued at N404 million.

Zenith Bank traded about 13.03 million units of its shares in 101 deals, valued at N12.36 million.

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