Investors Gain N85bn as NGXASI grows further by 0.31%

The Nigerian equity market on Friday grew further as the All Share Index grew by 0.31% to settle at 50,045.85 points from the previous close of 49,889.80 points.

Investors gained 85 billion as The Market Capitalisation was up by 0.32% to close at N26.994 trillion from the previous close of N26.909 trillion.

An aggregate of 240 million units of shares were traded in 3,435 deals, valued at N2.677 billion.

The Market Breadth closed positive as 23 equities appreciated in their share prices against 10 equities that declined in their share prices.

Percentage Gainers

FCMB led the gainers with 9.06% growth to close at N3.49 from the previous close of N3.20.

STANBIC IBTC, ETRANZACT and TRANSCORP among other gainers also grew their share prices by 6.45%, 6.00% and 4.76% respectively.

Percentage Losers

MCNOCHOLS led price decliners’ table as it shed 9.46% of its share price to close at N0.67 from the previous close of N0.74.

RTBRISCOE, CHAMS and Honeywell Flour among other price decliners also shed their share prices by 8.57%, 7.14% and 4.53% respectively.

Volume Drivers

Sterling Bank traded about 93.7 million units of its shares in just 52 deals, valued at about N136 million.

Fidelity Bank traded about 28.8 million units of its shares in 301 deals, valued at about N97 million.

Fidson traded about 13.8 million units of its shares in 24 deals, valued at N130 million.

Source: Investors Gain N85bn as NGXASI grows further by 0.31% – StocksWatch (

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