Stock market rises by 1.09% on price appreciation in MTN

Transactions on the floor of the Nigerian Exchange on Friday closed on a positive note, driven by 4.79% growth in the share price of MTN Nigeria and some other stock that made the green table on Friday.

The All Share Index rose by 1.09% to close at 44,492.73 points from the previous close of 44,011.22 points.

The Market Capitalisation appreciated by 1.09% to close at N24.234 trillion from the previous close of N23.972 trillion, thereby gaining N262 billion.

An aggregate of 146.7 million units of shares were traded in 3,028 deals, valued at N1.236 billion.

The Market Breadth closed positive as 19 equities appreciated in their share prices against 11 equities that declined in their share prices.

Percentage Gainers

Nigerian Breweries led other gainers with 10.00% growth to close at N41.25 from the previous close of N37.50.

Union Bank of Nigeria and ABC Transport among other gainers also grew their share prices by 9.24% and 8.70% respectively.

Percentage Losers

FIDSON led other price decliners as it shed 9.34% of its share price to close at N8.15 from the previous close of N8.99.

WAPIC and Regency Alliance among other price decliners also shed their share prices by 8.33% and 8.00% respectively.

Volume Drivers

Fidelity Bank traded about 12.6 million units of its shares in 77 deals, valued at about N51 billion.

ACCESSCORP traded about 6 million units of its shares in 115 deals, valued at N49 million.

FBNH traded about 21.8 million units of its shares in 310 deals, valued at about N237 million.

Source:Stock market rises by 1.09% on price appreciation in MTN – StocksWatch (stocksng.com)

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