Stock market rebounds with 0.08% growth, 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 38,943.87 points from the previous close of 38,911.31 points.

Investors gained N17 billion as the Market Capitalisation grew by 0.08% to close at N20.290 trillion from the previous close of N20.273 trillion.

An aggregate of 155 million units of shares were traded in 2,906 deals, valued at N1.95 billion.

The Market Breadth closed positive as 18 equities appreciated in their share prices against 9 equities that declined in their share prices.

Percentage Gainers

Consolidated Hallmark Insurance led other gainers with 8.33% growth, closing at N0.52 from the previous close of N0.48.

Regency Assurance, Prestige Assurance and UCAP among other gainers also grew their share prices by 7.14%, 6.82% and 6.59% respectively.

Percentage Losers

Ikeja Hotel led other price decliners as it shed 6.56% of its share price, closing at N1.14 from the previous close of N1.22.

Okomu and Unity Bank among other price decliners also shed their share prices by 5.45% and 3.51% respectively.

Volume Drivers

Universal Insurance traded about 19.08 million units of its shares in 10 deals, valued at N3.82 million.

UBA traded about 11.06 million units of its shares in 159 deals valued at N84.05 million.

WAPCO traded about 10.23 million units of its shares in 92 deals, valued at N220.2 million.

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