NGX: Equities market ends week with N98bn profit for investors

The Nigerian equities market closed the week on Friday with a profit of N98 billion for investors.

This followed the growth in the share prices of stocks like Julius Berger, Deapcap and Oando amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to N55.4 trillion from N55.3 trillion recorded by the bourse on Thursday.

The All-Share Index (ASI) also increased to 96,580.01 from 96,407.88.

The market breadth was positive as 26 stocks advanced and 24 stocks declined, while 67 stocks remained unchanged in 12,754 deals.

Julius Berger, Deapcap, and Oando led other gainers with 10%, 10%, and 9.94%, growth each in share prices to close at N14.30, N0.88, and N76.90 from the previous N13.00, N0.80, and N69.95 per share.

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

On the flip side, Eterna, Rtbriscoe, and Tantalizers led other price decliners as they shed 9.95%, 9.90%, and 7.25% each to close at N27.60, N3.55, and N0.64 from the initial N30.65, N3.94, and N0.69 per share.

On the volume index, Julius Berger led trading with 120 million shares valued at N19.6 billion in 271 deals followed by Oando which traded 93 million shares valued at N6.8 billion in 3,392 deals.

Jaiz Bank traded 54 million shares valued at N119 million in 120 deals.

On the value index, Julius Berger recorded the highest value for the day trading stocks worth N19.6 billion in 271 deals followed by Oando which traded equities worth N6.8 billion in 3,392 deals.

GTCO traded shares valued at N1.196 billion in 284 deals.

By: Babajide Okeowo

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