Investors Gain N946 Billion in Nigerian Stock Market
The equities segment of the Nigerian Exchange (NGX) closed the week positive, as investors gained N946 billion on Friday due to sustained interest in medium- and large-capitalized stocks.
Specifically, market capitalisation grew by N946 billion, or one per cent, closing at N95.264 trillion from N94.318 trillion recorded on Thursday.
Similarly, the All-Share Index increased by 1,482.67 points, or one per cent to close at 149,433.26 from 147,950.59 recorded previously. While the year-to-date return increased by 45.18 per cent, the market breadth closed positive with 30 gainers and 23 losers.
Guinness Nigeria led the gainers’ chart by 10 per cent, settling at N217.80; Morison followed by 9.84 per cent, closing at N4.69; and Champion Breweries increased by 9.69 per cent, finishing at N14.15 per share.
Austinlaz grew by 9.66 per cent, ending the session at N2.27 while Cileasing soared by 9.62 per cent, closing at N5.70 per share.
Conversely, Etranzact led the losers’ chart by 10 per cent, finishing at N12.60, Chellaram trailed by 9.90 per cent, ending the session at N13.20 and Eunisell Interlinked dropped by 9.89 per cent, closing at N75.15 per share.
Africa Prudential fell by 9.77 per cent, settling at N12 while Daar Communications shed by 9.18 per cent, finishing at 89k per share.
The market witnessed an overall growth across the market deals, volume, and value as 571.7 million shares valued at N29.04 billion was traded in 20,418 transactions.
This is in contrast to 529.7 million shares worth N12.3 billion that was exchanged across 18,159 deals earlier. Access Corporation closed with the highest volume, with 106.07 million shares traded, while Transpower closed with the highest value, amounting to N13.13 billion. MTN Nigeria Hits 52-Week High as Investors Double Down Bets
