The Nigerian equities market closed the week’s trading with N270 billion gain by investors on Friday.
This followed an increase in the share prices of stocks like JULIUS BERGER, ETERNA and UCAP amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization rose to N55.9 trillion from N55.7 trillion recorded by the bourse on Thursday.
The All-Share Index (ASI) also increased to 98,592.12 from 98,116.27 recorded the previous day.
The market breadth was positive as 36 stocks advanced and 18 declined, while 59 others remained unchanged in 9,529 deals.
JULIUS BERGER, ETERNA and UCAP led other gainers with 10% each in share prices to close at N110.00, N19.80, and N14.50 from the previous N100.00, N18.00, and N14.50 per share.
On the flip side, UNION DICON, UPL and CUSTODIAN led other price decliners as they shed 9.88%, 8.79% and 8.59% each to close at N7.30, N2.18 and N11.70 from the initial N8.10, N2.39, and N12.80 per share.
On the volume index, VERITASKAP led trading with 103 million shares valued at N125 million in 356 deals followed by OANDO which traded 52 million shares valued at N2.1 billion in 242 deals.
UBA traded 42 million shares valued at N691 million in 633 deals.
On the value index, OANDO recorded the highest value for the day trading stocks worth N2.1 billion in 242 deals followed by ZENITH BANK which traded equities worth N1.2 billion in 540 deals.
GTCO traded shares valued at N1.024 billion in 417 deals.
By: Babajide Okeowo
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