NGX: Equities market close week on bullish trend as investors gain N219bn

The Nigerian equities market reversed several days of bearish trend as investors gained N219 billion at the close of trading on Friday.

This followed the growth in the share prices of stocks like MAY&BAKER, OKOMU OIL and OANDO, amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalization rose to N55.5 trillion from N55.2 trillion recorded by the bourse on Thursday.

The All-Share Index (ASI) also increased to 97,745.73 from 97,359.76 recorded the previous day.

The market breadth was positive as 36 stocks advanced and 10 stocks declined, while 70 others remained unchanged in 6, 603 deals.

READ ALSO: Investors lose N113bn amid suspension of stocks by NGXtock

MAY & BAKER, OKOMU OIL and OANDO led other gainers with 10% growth each in share prices to close at N7.04, N321.20, and N25.30 from the previous N6.40, N292.00, and N23.00 per share.

On the flip side, MECURE, THOMASWY and WAPIC led other price decliners as they shed 9.82%, 9.09% and 9.09% each to close at N7.35, N0.70 and N0.50 from the initial N8.15, N0.77, and N0.55 per share.

On the volume index, OANDO led trading with 14 million shares valued at N371 million in 341 deals followed by ZENITH BANK which traded 13 million shares valued at N489 million in 383 deals.

VERITASKAP traded 11 million shares valued at N11 million in 97 deals.

On the value index, UBA recorded the highest value for the day trading stocks worth N752 million in 470 deals followed by ZENITH BANK which traded equities worth N489 million in 383 deals.

MTN Nigeria traded stocks worth N435 million in 522 deals.

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