Equities market begins 2026 with N561bn profit for investors

Investors in the Nigerian equities market gained N561 billion at the close of trading on Friday.

Friday’s trading was the first in the New Year.

This followed the surge in the share prices of stocks such as FTN Cocoa, DeapCap, and Mutual Benefit, among others, on the trading floor.

The benchmark All-Share Index (ASI) surged to 156,492.36 points from the 155,613.03 points recorded the previous trading day.

After five hours of trading at the capital market, the equity capitalisation surged to N99.9 trillion from N99.3 trillion posted by the bourse on Wednesday.

The market breadth was flat with 53 stocks advancing, 10 stocks declining, and 83 stocks remaining unchanged in 40,245 deals.

A total of 439,952,745 shares were traded, valued at N24.9 billion.

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FTN Cocoa, DeapCap, and Mutual Benefit led the gainers’ chart with 10% growth in share prices, respectively, to close at N5.50, N2.09, and N3.41 per share, up from the previous N5.00, N1.90, and N3.10 per share.

Abbey Mortgage Bank Plc, FCMB and Seplat led other price decliners with a 6.25%, 4.56%, and 3.43% dip each in share price to close at N6.00, N11.50, and N5,610.00 per share, down from the previous N6.40, N12.05, and N5,809.65 per share

On the volume index, Chams Plc led trading with 120 million shares in 869 deals, followed by Linkage Assurance, which traded 21 million shares in 141 deals.

LASACO traded 19 million shares in 108 deals.

On the value index, Aradel traded stocks valued at N10.7 billion in 1,151 deals, followed by Seplat, which traded equities worth N6.3 billion in 738 deals.

GTCO traded shares valued at N749 million in 1, 983 deals.

Babajide Okeowo

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