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Investors in the Nigerian equities market gained N234 billion at the close of trading on Friday.
This followed a resurgence in the share prices of stocks such as Intenegins, Abbey Mortgage and Daar Communications, among others, on the trading floor.
The benchmark All-Share Index (ASI) rose to 242,593.31 points from the 242,227.31points recorded the previous day.
After five hours of trading on the capital market, equity capitalisation surged to N155.5 trillion from N155.3 trillion posted by the bourse on Thursday.
The market breadth was positive with 39 stocks advancing, 11 declining, and 96 remaining unchanged in 53,826 deals.
A total of 608,485,256 shares were traded, valued at N32 billion.
Intenegins, Abbey Mortgage and Daar Communications led the gainers’ chart, with 10% growth in share prices each to close at N7.26, N9.35 and N1.98 per share, up from N6.60, N8.50 and N1.98 per share.
Academy, UPL, and VFD Group led other price decliners, with declines of 10%, 9.88%, and 9.85%, respectively, to close at N8.25, N5.10, and N10.35 per share, down from N9.15, N5.65, and N11.20 per share, respectively.
On the volume index, Abbey Mortgage led trading with 164 million shares in 659 deals, followed by Ella Lakes, which traded 76 million shares in 294 deals.
Access Holding Co traded 44 million shares in 2,127 deals.
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On the value index, Seplat traded stocks valued at N3.9 billion in 655 deals, followed by Aradel, which traded equities worth N3.8 billion in 2,273 deals.
MTN Nigeria traded shares valued at N3.2 billion in 4,507 deals.
The stock report closed at 6pm and u always send your reports very late. I decided not to complain again because u are averse to the truth. This attitude to work is extremely poor.
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Babajide Okeowo
The post Equities market snaps bearish sentiment as investors gain ₦234bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
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