Nigerian Bourse gains N89bn as NGXASI rebounds with 0.37% growth

The Nigerian stock market on Friday bounced back from the loss recorded in the last session as the All Share Index rose by 0.37% to settle at 44,788.14 points from the previous close of 44,625.18 points.

The Market Capitalisation was up by 0.37% to close at N24.395 trillion from the previous close of N24.306 trillion, thereby gaining N89 billion.

An aggregate of 122.8 million units of shares were traded in 3,402 deals, valued at N4.4 billion.

The Market Breadth closed negative as 18 equities appreciated in their share prices against 16 equities that declined in their share prices.

Percentage Gainers

WAPIC led other gainers with 9.09% growth to close at N0.36 from the previous close of N0.36.

NEIMETH, ABC Transport and Fidelity Bank among other gainers also grew their share prices by 8.70%, 8.00% and 7.89% respectively.

Percentage Losers

Dangote Cement led price decliners’ table as it shed 10.00% of its share price to close at N220.50 from the previous close of N245.00.

LEARNAFRICA and Honeywell Flour among other price decliners also shed their share prices by 9.68% and 9.36% respectively.

Volume Drivers

Fidelity Bank traded about 14.95 million units of its shares in 175 deals, valued at about N60 million.

Ecobank traded about 10 million units of its shares in 15 deals, valued at N114.7 million.

MTN Nigeria traded about 9 million units of its shares in 198 deals, valued at about N1.776 billion.

Source: Nigerian Bourse gains N89bn as NGXASI rebounds with 0.37% growth – StocksWatch (stocksng.com)

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