Nigeria’s equity market gains marginally by 0.28%

The Nigerian Equity Market gained marginally on Friday by 0.28 per cent with BUA Cement, Flour Mills and Fidelity Bank being the major gainers, as the All Share Index (ASI) settled at 50,72233 points higher than the previous day.

Market capitalisation of equities on the NGX increased to N27.359 trillion from N27 217 trillion traded on Thursday, while total volumes traded closed with exchange of 148.810 million units valued at N1.93 billion traded in 4,091 deals.

The market breadth was positive with 24 gainers as against 10 losers. The NGX 30 index marginally increased by 0.01 per cent to close at 1,828.66 points, as against 1.828.50 points during Thursday’s trading, just as market turnover closed with traded volume of 69.82 million units.

Flour Mills and Fidelity Bank were the key gainers, while Unilever and Guinness were the key losers, just as consumer goods and oil and gas indices gained 1.52 per cent and 0.37 per cent respectively.

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Also, industrial goods and banking indices gained 0.35 per cent and 0.06 per cent respectively. Top gainers in Friday’s trading session were led by Eternal and Japul, while the total volumes traded on Friday gained 14.2 per cent to 148.8 million valued at N1.9 billion.

Honeywell, Flour Mills, GTCO and FBNA led the volume chat with 22.0 million units, 21.6 million units and 11.3 million units, while GTCO, Zenith Bank and MTN Nigeria led the value chat by N445.6 million, N223.1 million and N172.4 million respectively.

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