The Nigerian equities market rebounded from two consecutive losses with a N497 billion gain for investors at the close of trading on Friday.
This followed a surge in the share prices of stocks GUINNESS, CHELLARAM, and SCOA amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to ₦63.6 trillion from ₦63.1 trillion posted rm by the bourse on Thursday.
The benchmark All-Share Index (ASI) increased to 103,598.30 points from 102,788.20 points which was recorded the previous day.
The market breadth was positive as 34 stocks advanced and 23 stocks declined, while 68 stocks remained unchanged in 11, 546 deals.
GUINNESS, CHELLARAM, and SCOA led other gainers with 10% growth each in prices to close at N77.00, N4.07 and N3.96 from the previous N70.00, N3.70 and N3.60 per share.
NEIMETH, JOHN HOLT, and INTENEGINS led other price decliners with 9.88%, 9.71%, and 9.74% dip in share prices to close at N3.10, N8.3 and N1.76 from the previous N3.44, N9.20 and N1.95 per share.
On the volume index, NSL TECH led trading with 202 million shares in 77 deals followed by NB which traded 42 million shares in 206 deals.
JAPAUL GOLD traded 34 million shares in 308 deals.
On the value index, NIGERIAN BREWERIES topped traded stocks worth N42 million in 206 deals followed by ACCESS CORP which traded equities worth N32 million in 673 deals.
ARADEL traded shares valued at N1 million in 238 deals.
