Investors renewed interest in some medium and large capitalised stocks lifted the Nigerian Exchange Limited (NGX) market capitalisation by N504billion as the market sustained bullish activity.
Transactions on the floor of the Nigerian Exchange Limited (NGX) on Friday, closed on a positive note as the All Share Index appreciated by 1.76% to settle at 54,085.30 points, from the previous close of 53,151.32 points, bringing the year-to-date to 26.61%, the month-to-date to 8.56% and the week-to-date to 2.18% respectively.
Investors gained N504billion as market capitalisation appreciated by 1.06% to close at N29,158trillion from the previous close of N28,654trillion. An aggregate of 208.086Billion units of shares were traded in 4,898 deals valued at N5,520Billion.
Market Breadth:
The market breadth closed positive as 20 equities gained while 19 equities declined in their share prices.
Percentage Gainers:
Cutix Plc led other gainers with 9.96% growth to close at N2.87 from the previous close of N2.61.
Airtel Africa, Wema Bank and Ardova Plc amongst other gainers also grew their share prices by 9.89%, 8.63% and 7.09% respectively.
Percentage Losers:
Nigerian Brewery Plc led other price decliners as it shed 10% off its share price to close at N69.30 from the previous close of N77.00.
UACN, UPL and Royal Exchange Insurance Plc amongst other losers also shed their share prices by 9.87%, 9.52% and 9.26% respectively.
Volume Drivers:
Flourmill Plc traded about 21.482mIllion units of its shares in 158 deals, valued at N746.773Billion.
GTCO Plc traded about 20.142million units of its shares in 350 deals, valued at N464.521million.
First Bank Plc traded about 17.962million units of its shares in 308 deals, valued at N205.023million.
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May 27, 2022