Investors’ wealth climbs by N17bn as NGXASI rises by 0.07%

The Nigerian equity market on Friday closed bullish as the All Share Index rose by 0.07% to settle at 44,269.18 points from the previous close of 44,236.70 points.

Investors’ wealth climbed by N17 billion as The Market Capitalisation was up by 0.07% to close at N24.112 trillion from the previous close of N24.095 trillion.

An aggregate of 705.9 million units of shares were traded in 3,472 deals, valued at N4.59 billion.

The Market Breadth closed balanced as 14 equities appreciated in their share prices against 14 equities that declined in their share prices.

Percentage Gainers

FTN Cocoa led the gainers with 10.00% growth to close at N11.00 from the previous close of N9.68.

Linkage Assurance, Regency Alliance and GEREGU among other gainers also grew their share prices by 8.33%, 8.33% and 8.21% respectively.

Percentage Losers

CUSTODIAN led price decliners’ table as it shed 9.23% of its share price to close at N5.90 from the previous close of N6.50.

CHAMS, Academy Press and Jaiz Bank among other price decliners also shed their share prices by 8.00%, 6.67% and 5.05% respectively.

Volume Drivers

ACCESSCORP traded about 190 million units of its shares in 222 deals, valued at about N1.5 billion.

Fidelity traded about 43 million units of its shares in 91 deals, valued at N177 million.

GTCO traded about 19.6 million units of its shares in just 476 deals, valued at about N345.7 million.

Source: Media – Fundvine Capital and Securities (fundvinesecurities.com)

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