Stock market rebounds with 0.46% growth, gains N104bn

The Nigerian stock market on Friday closed on a positive note, occasioned by 3.83% growth in the share price of Airtel Africa.

The All Share Index appreciated by 0.46% to close at 43,308.29 points from the previous close of 43,108.77 points.

Investors gained N104 billion as the Market Capitalisation grew by 0.46% to close at N22.598 trillion from the previous close of N22.494 trillion.

An aggregate of 305.32 million units of shares were traded in 4,450 deals, valued at N3.578 billion.

The Market Breadth closed negative as 18 equities emerged as gainers against 24 equities that declined in their share prices.

Percentage Gainers

ABC Transport and Royal Exchange led other gainers with 10% growth to close at N0.33 and N0.55 respectively.

AIICO Insurance and University Press among other gainers also grew there share prices by 9.37% and 8.89% respectively.

Percentage Losers

UPDC Real Estate Investment Trust led other price decliners as it shed 9.82% of its share price to close at N5.05 from the previous close of N5.60.

Champion Breweries and UPDC among other price decliners also shed 5.90% and 5.07% of their share prices respectively.

Volume Drivers

FCMB traded about 81.05 million units of its shares in 105 deals, valued at N247.85 million.

GTCO traded about 29.53 million units of its shares in 465 deals, valued at N738.32 million.

Access Bank traded about 28.11 million units of its shares in 284 deals, valued at N253.85 million.

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