The Nigerian equities market closed the week’s trading on Friday with N793 billion gain for investors.
This followed a surge in the share prices of stocks like Ikeja Hotel Plc, Unilever Nigeria and Champions Breweries, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 134,452.93 points from the 133,199.99 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation rose to N85.05 trillion from the N84.26 trillion posted by the bourse on Thursday.
The market breadth was positive, with 46 stocks advancing, 33 stocks declining, and 68 stocks remaining unchanged in 24,880 deals.
Ikeja Hotel Plc , Unilever Nigeria and Champions Breweries led other gainers with 10% growth each in prices to close at N23.10, N68.20, and N12.32from the previous N21.00, 62.00 and N11.20 per share.
Triple G, Tantalizer Nigeria and Sunu Assurance Plc led other price decliners with 10%, 8.55% and 6.64% dip in share prices to close at N3.51, N2.46 and N4.64 from the previous N3.90, N2.69 and N4.97 per share.
On the volume index, Access Holdings Plc led trading with 42 million shares in 1,395 deals, followed by Universal Insurance Plc which traded 40 million shares in 158 deals.
Tantalizer Nigeria traded 32 million shares in 123 deals.
On the value index, Guaranty Trust Holding (GTCO) traded stocks valued at N2.6 billion in 904 deals, followed by Okomu Oil Plc, which traded equities worth N2.5 billion in 1,260 deals.
Seplat Plc traded shares valued at N1.8 billion in 150 deals.
By: Babajide Okeowo
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