Stock market rebounds with 0.47% growth, gains N103bn

The Nigerian stock market on Friday closed on a positive note, as most of the banking stocks recorded growth in their share prices.

The All Share Index grew by 0.47% to close at 41,882.97 points from the previous close of 41,685.22 points.

Investors gained N103 billion as the Market Capitalisation was up by 0.47% to close at N21.854 trillion from the previous close of N21.751 trillion.

An aggregate of 444.935 million units of shares were traded in 3,595 deals, valued at N3.423 billion.

The Market Breadth closed positive as 24 equities gained against 13 equities that declined in their share prices.

Percentage Gainers

MEYER Plc led other gainers with 10% growth to close at N0.33 from N0.30 it closed yesterday.

Sovereign Trust Insurance and UPDC Real Estate among other gainers also grew there share prices by 9.09% and 8.64% respectively.

Percentage Losers

Unity Bank led other price decliners as it shed 6.52% of its share price to close at N0.43 from the previous close of 0.46.

Jaiz Bank and CUSTODIAN among other price decliners also shed 5.97% and 5.33% of their share prices respectively.

Volume Drivers

C&I Leasing traded about 146.4 million units of its shares in just 10 deals, valued at about N673.5 million.

Access Bank traded about 55.8 million units of its shares in 284 deals, valued at N253.85 million.

Zenith Bank traded about 13.3 million units of its shares in 130 deals, valued at N510.9 million.

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