Investors in the Nigerian equities market gained N30 billion at the close of trading on Friday, to close the week in the green zone.
This followed the surge in the share prices of stocks such as Red Star Express, NCR, and Scoa, among others on the trading floor.
The benchmark All-Share Index (ASI) increased to 166,129.5 points from the 166,057.29 points recorded the previous trading day.
After five hours of trading at the capital market, the equity capitalisation surged to N106.35 trillion from N106.32 trillion posted by the bourse on Thursday.
The market breadth was positive with 43 stocks advancing, 26 stocks declining, and 77 stocks remaining unchanged in 48,023 deals.
A total of 539,881,869 shares were traded, valued at N16.7 billion.
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Red Star Express, NCR, and Scoa led the gainers’ chart with 10%, 9.97% and 9.96% growth in share prices, respectively, to close at N13.20, N128.55, and N14.90 per share, up from the previous N12.00, N116.90, and N13.55 per share.
MC Nichols, Legend Internet, and Cornerstone led other price decliners with a 8.81%, 7.56%, and 6.48% dip each in share price to close at N6.00, N5.50, and N6.35 per share, down from the previous N6.58, N5.95, and N6.79 per share
On the volume index, Zenith Bank Plc led trading with 54 million shares in 1,583 deals, followed by Jaiz Bank, which traded 41 million shares in 4, 717 deals.
Secure Electronics traded 37 million shares in 295 deals.
On the value index, Zenith Bank traded stocks valued at N3.7 billion in 1,583 deals, followed by Guaranty Trust Holding, which traded equities worth N1.5 billion in 1,542 deals.
Okomu Oil traded shares valued at N1.5 billion in 783 deals.
Babajide Okeowo
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