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lInvestors in the Nigerian equities market gained N414 billion by the close of trading on Friday to return from the Eid-El-Kabir holiday in a bullish mode.
This followed a surge in the share prices of stocks such as Sovereign Insurance, Zichis and Intenegins, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 250,385.47 points from the 249,738.84 points recorded on the previous trading day.
After five hours of trading on the capital market, equity capitalisation rose to N160.5 trillion from N160 trillion posted by the bourse on Tuesday.
The market breadth was positive, with 35 stocks advancing, 31 declining, and 82 remaining unchanged in 93,626 deals.
A total of 1,204,653,414 shares were traded, valued at N43.4 billion.
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Sovereign Insurance, Zichis and Intenegins led the gainers’ chart, with 10%, 10% and 9.98% growth in share prices, respectively, to close at N2.75, N33.00 and N4.52 per share, up from N2.50, N30.00 and N4.11 per share.
Cap Plc, Austin Laz, and PremPaints led other price decliners, with declines of 10% each to close at N179.00, N3.96, and N33.75 per share, down from N199.00, N4.40, and N37.50 per share, respectively.
On the volume index, Access Holding Co led trading with 110 million shares in 3,571 deals, followed by TIP, which traded 66 million shares in 3,023 deals.
Chams traded 23 million shares in 1,352 deals.
On the value index, Access Holding Co traded stocks valued at N2.6 billion in 3,571 deals, followed by GTCO, which traded equities worth N2.5 billion in 5, 242 deals.
Aradel traded shares valued at N2.3 billion in 2,246 deals.
Babajide Okeowo
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