The Nigerian equities market closed the week on Friday, February 28, 2025, as investors gained ₦91 billion on the trading floor of the Nigerian Exchange Group (NGX).
This follows a surge in the share prices of stocks like AUSTINLAZ, OANDO, and CAVERTON amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization increased to ₦67.193 trillion from ₦67.102 trillion which the bourse recorded on Thursday, February 27, 2025.
The benchmark All-Share Index (ASI) increased to 107,821.39 points from 107,675.46 points which were recorded the previous trading day.
The market breadth was negative as 27 stocks advanced and 23 stocks declined, while 70 stocks remained unchanged in 11,112 deals.
AUSTINLAZ, OANDO, CAVERTON led other gainers with 10%, 9.94% and 9.67% growth each in prices to close at N2.09, N58.05 and N2.95 from the previous N1.90, N52.80 and N2.69 per share.
REDSTAREX, LEARNAFRCA, and MULTIVERSE led other price decliners with 9.96%, 9.84%, and 9.72% decline each in share prices to close at N6.60, N3.30 and N9.75 from the previous N7.33, N3.66 and N10.80 per share.
On the volume index, ZENITHBANK led trading with 122 million shares in 745 deals followed by FCMB which traded 50 million shares in 238 deals.
ACCESSCORP traded 28 million shares in 466 deals.
On the value index, ZENITHBANK topped as the security traded stock worth N5.8 billion in 745 deals followed by TRANSPOWER which traded equities worth N1.1 billion in 153 deals.
ACCESSCORP traded shares valued at N734 million in 466 deals.
By: Babajide Okeowo
Source: Ripples