Equities market closes week with N405bn gain
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Outcome reported
- Nigeria’s equities market gained N405 billion on Friday, lifting market capitalization to N159.558 trillion.
- The All-Share Index rose 0.25% to 246,992.44, extending the year-to-date return to 58.72%.
- Trading volume surged 416.66% to 2.24 billion shares, although decliners outnumbered advancing stocks.
Nigeria’s equities market ended the week with a N405 billion gain as several stocks posted price increases.
Market capitalization rose to N159.558 trillion from N159.153 trillion, while the All-Share Index gained 604.22 points, or 0.25%, to close at 246,992.44. The year-to-date return strengthened to 58.72%.
Market breadth remained negative, with 31 decliners against 26 gainers. Red Star Express and Haldane McCall each fell 10%, while Industrial and Medical Gases gained 9.97% and Juli rose 9.66%.
Trading activity increased sharply. Volume rose 416.66% to 2.24 billion shares worth N73.41 billion across 42,709 deals. Fortis Global Insurance accounted for 1.45 billion shares, or 64.85% of total volume, while Seplat Energy recorded the highest transaction value at N32.24 billion.
About this summary
Originally published by The Punch. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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