Investors in the Nigerian Equities market gained N135 billion at the close of trading on Friday.
This followed a surge in the share prices of stocks like ABBEYBDS, UPDC, and NNFM amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization increased to ₦66.2 trillion from ₦66.1 trillion posted by the bourse on Thursday.
The benchmark All-Share Index (ASI) increased to 105,641.51 points from 105,426.12 points recorded the previous day.
The market breadth was negative as 24 stocks advanced and 31 stocks declined, while 66 stocks remained unchanged 13,039 deals.
ABBEYBDS, UPDC, and NNFM led other gainers with 10%, 10%, and 9.96% growth each in prices to close at N4.73, N2.97 and N87.75 from the previous N4.30, N2.70 and N79.80 per share.
INTENEGINS, AFRICAN PRUDENTIAL INSURANCE, and CADBURY led other price decliners with 10%, 10% and 9.42% dip in share prices to close at N1.62, N13.05 and N23.55 from the previous N1.80, N14.50 and N26.00 per share.
On the volume index, MBENEFIT led trading with 73 million shares in 233 deals, followed by CUTIX, which traded 72 million shares in 83 deals.
GTCO traded 67 million shares in 1,085 deals.
On the value index, ARADEL topped traded stocks worth N6.4 billion in 360 deals followed by GTCO which traded equities worth N4.5 billion in 1,085 deals.
NESTLE traded shares valued at N2.3 billion in 128 deals.
By: Babajide Okeowo
