The Nigerian equities market recovered from several days of losses with N541 billion gain for investors at the close of the day’s trading.
This followed a surge in the share prices of stocks like LIVESTOCK, CAVERTON, and SOVEREIGN TRUST INSURANCE amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to ₦62.8 trillion from ₦62.3 trillion recorded by the bourse on Thursday.
The benchmark All-Share Index (ASI) increased to 102,353.68 from 102,183.06 points which were recorded the previous day.
The market breadth was positive as 33 stocks advanced and 23 stocks declined, while 68 stocks remained unchanged in 11,905 deals.
LIVESTOCK, CAVERTON, and SOVEREIGN TRUST INSURANCE led other gainers with 10% growth each in prices to close at N5.94, N2.20 and N1.10 from the previous N5.40, N2.00 and N1.00 per share.
ACADEMY, PZ, and DAAR COMMUNICATIONS led other price decliners with 9.74%, 9.09% and 8.64% dip in share prices to close at N3.15, N25.00 and N0.74 from the previous N3.49, N27.25 and N0.81 per share.
On the volume index, ACCESS CORP led trading with 49 million shares in 623 deals followed by FIDELITY BANK which traded 20 million shares in 289 deals.
UBA traded 20 million shares in 506 deals.
On the value index, ARADEL traded stocks worth N2.9 billion in 427 deals followed by BUA FOODS which traded equities worth N1.9 billion in 126 deals.
ACCESS CORP traded shares valued at N1.1 billion in 231 deals.
By: Babajide Okeowo
