Business
NGX: Equities market closes week with N128bn gain for investors
The Nigerian equities market closed the week’s trading with a N128 billion gain for investors on Friday.
This followed an increase in the share prices of stocks like NSL TECH, OANDO, and UACN amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization surged to N55.3 trillion from N55.2 trillion recorded by the bourse on Thursday.
The benchmark All-Share Index (ASI) also increased to 96,433.53 from 96,210.20.
The market breadth was positive as 37 stocks advanced and 18 stocks declined, while 59 stocks remained unchanged in 7,981 deals.
NSL TECH, OANDO, and UACN led other gainers with 10% growth each in share prices to close at N0.59, N81.40, and N20.90 from the previous N0.54, N74.00, and N19.00 per share.
On the flip side, DEAPCAP, PZ, and ETERNA led other price decliners as they shed 9.62%, 9.52%, and 6.25% each to close at N0.94, N19.00, and N30.00 from the initial N1.04, N21.00, and N32.00 per share.
On the volume index, JAIZ BANK led trading with 54 million shares valued at N124 million in 97 deals followed by ZENITH BANK which traded 34 million shares valued at N1.2 billion in 646 deals.
NOTORE traded 34 million shares valued at N2.1 billion in six deals.
On the value index, NOTORE recorded the highest value for the day trading stocks worth N2.1 billion in 6 deals followed by OANDO which traded equities worth N1.4 billion in 777 deals.
ZENITH BANK traded shares valued at N1.2 billion in 646 deals.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
