Market rebounds with 0.28% growth, gains N81bn

The Nigerian stock market on Friday halted two days of losses as the All Share Index appreciated by 0.28% to close at 50,722.33 points from the previous close of 50,582.30 points.  

The Market Capitalisation appreciated by 0.30% to close at N27.358 trillion from the previous close of N27.277 trillion, thereby gaining N47 billion.

An aggregate of 148.8 million units of shares were traded in 4,091 deals, valued at 1.925 billion.

The Market Breadth closed positive as 24 equities emerged as gainers against 10 equities that declined in their share prices.

Percentage Gainers

Eterna Oil led the gainers chart with 10.00% growth, closing at N7.15 from the previous close of N6.50.

MULTIVERSE, JAPAULGOLD and PZ also grew their share prices by over 9.00%.

Percentage Losers

UNILEVER led other price decliners as it shed 10.00% of its share price to close at N13.50 from the previous close of N15.00.

Sky Aviation and GUINNESS among other price decliners also shed their share prices by 8.276% and 8.29% respectively.  

Volume Drivers

Honeywell flour traded about 22 million units of its shares in 232 deals, valued at N64 million.

GTCO traded about 21.7 million units of its shares in 362 deals, valued at N445.7million.

FBNH traded about 11 million units of its shares in 159 deals, valued at N123.8 million.

Source: Market rebounds with 0.28% growth, gains N81bn – StocksWatch (

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