The Nigerian equity market Friday after nine consecutive sessions of loses, closed on a positive note; thanks to Dangote Cement and MTN as they grew their share prices by 4.17% and 0.25% respectively.
The All Share Index appreciated by 0.56% to settle at 38,256.99 points from the previous close of 38,044.58 points. Investors gained N110 billion as the Market Capitalisation appreciated by 0.55% to close at N19.940 trillion from the previous close of N19.830 trillion.
An aggregate of 228.674 million units of shares were traded in 3,318 deals, valued at N3.67 billion.
The Market Breadth closed positive as 31 equities appreciated in their share prices against 13 equities that declined in their share prices.
Percentage Gainers
- Ikeja Hotel led other gainers with 10% growth to close at N1.10 from the previous close of N1.00.
- Royal Exchange Plc and Neimeth Pharmaceuticals among other gainers also grew their share prices by 9.46% and 9.30% respectively.
Percentage Losers
- Academy Press led other price decliners as it shed 8.33% of its share price to close at N0.33 from the previous close of N0.36.
- LASACO and John Holts among other price decliners also shed their share prices by 7.69% and 7.35% respectively.
Volume Drivers
- Guaranty Trust Bank traded about 46.33 million units of its shares in 311 deals, valued at about N1.3 billion.
- Zenith Bank traded about 20.24 million units of its shares in 306 deals, valued at N465.49 million.
- Transcorp traded about 20.16 million units of its shares in 81 deals, valued at N17.85 million.