Investors in the Nigerian equities market gained N2.3 trillion at the close of trading on Friday to close the week on a high note.
This followed the surge in the share prices of stocks such as Union Dicon, Nestle, and Infinity, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 182,313.08 points from the 178,625.63 points recorded on the previous trading day.
After five hours of trading at the capital market, the equity capitalisation surged to N117.0 trillion from N114.6 trillion posted by the bourse on Thursday.
The market breadth was positive, with 63 stocks advancing, 33 declining, and 52 remaining unchanged in 50,068 deals.
A total of 936,390,039 shares were traded, valued at N52.7 billion.
Union Dicon, Nestle, and Infinity led the gainers’ chart, with 10% growth in share prices, respectively, to close at N20.90, N2662.00, and N9.90 per share, up from N19.00, N2420.00, and N9.00 per share.
READ ALSO: NGX: Bearish sentiment persists in stock market as investors lose N367bn
Sky Aviation, Guinness, and Omatek led other price decliners with a 10%, 9.97% and 9.39% dip each in share price close at N135.00, N315.00, and N2.99 per share, down from the previous N150.90, N349.90, and N3.30 per share
On the volume index, First Holding Company led trading with 106 million shares in 521 deals, followed by Zenith Bank, which traded 72 million shares in 2,024 deals.
United Capital traded 45 million shares in 520 deals.
On the value index, Presco traded stocks valued at N7.9 billion in 757 deals, followed by Zenith Bank, which traded equities worth N5.7 billion in 2,024 deals.
First Holding Company traded shares valued at N5.1 billion in 521deals.
Babajide Okeowo
The post NGX: Equities market ends week with N2.3tr profit for investors appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
