Nigerian bourse up 0.54% as Investors gain N63 billion

Nigerian bourse closed higher on Friday with the ASI Index growing by 0.54%. Specifically, the ASI index rose by 0.54% to close at 22,198.43 compared with 22,078.58 achieved on Thursday.

Also, the market capitalization of listed equities, which opened at N11.505 trillion rose by N63 billion to close at N11.568 trillion. A breakdown of the price movement shows that 18 stocks recorded price gains, while 13 stocks posted price falling.

Zenith Bank was the most active traded stock, exchanging 95.39 million shares worth N1.15 billion.

Fidelity Bank followed with an account of 36.52 million shares valued at N60.64 million, while Guaranty Trust Bank sold 35.72 million shares worth N650.89 million.
FBN Holdings traded 34.35 million shares valued at N138.18 million, while Access Bank accounted for 32.31 million shares worth N193.71 million.

In all, the volume of shares traded closed lower as investors bought and sold 379.48 million shares valued at N3.42 billion in 4,669 deals. This was against a turnover of 525.85 million shares worth N4.74 billion achieved in 5,450 deals on Thursday

Top gainers
MTNN led the gainers’ table, gaining N3.50 to close at N103 per share. CAP followed with a gain of N1.50 to close at N19.50, while Julius Berger garnered N1.40 to close at N23.70 and NASCON improved by 85k to close at N9.40.

READ MORE: Investors lose N103.91 billion on Friday

Top Losers
On the other hand, Presco dominated the laggards’ chart, dropping by N4 to close at N36.45
Flour Mills trailed with a loss of N2.10 to close at N19.30, while Stanbic IBTC dipped N1.75 to close at N26.50.
PZ Cussons was down by 40k to close at N4.05, while Zenith Bank declined by 30k to close at N11.85