Stock market rebounds with 0.20% growth, investors gain N50bn

The Nigerian stock market on Friday closed on a positive note as the All Share Index appreciated by 0.20% to close at 42,353.31 points from the previous close of 42,270.23 points.  

The Market Capitalisation grew by 0.23% to close at N22.107 trillion from the previous close of N22.057 trillion, thereby gaining N50 billion.

An aggregate of 341.68 million units of shares were traded in 3,057 deals, valued at N3.535 billion.

The Market Breadth closed positive as 21 equities emerged as gainers against 19 equities that declined in their share prices.

Percentage Gainers

PHARMADEKO led the gainers chart with 10% growth, closing at N2.20 from the previous close of N2.00.

Royal Exchange and Mutual Benefits Assurance also grew their share prices by 9.52% and 8.33% respectively.

Percentage Losers

Champion Breweries led the price decliners’ table as it sheds 10% of its share price to close at N2.34 from the previous close of N2.60.

Honeywell Flour and Academy Press among other price decliners also shed their share prices by 7.61% and 5.88% respectively.  

Volume Drivers

International Breweries traded about 83.67 million units of its shares in 29 deals, valued at N409 million.

FBNH traded about 32.4 million units of its shares in 156 deals, valued at N397.8 million.

Access Bank traded about 29.2 million units of its shares in 166 deals, valued at N274.9 million.

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