NGX: Equity market closes week with N98 billion profit for investors

Nigeria’s equity market closed on Friday with a gain of N98 billion for investors.

This follows the growth in share prices of stocks such as Julius Berger, Deapcap and Oando among others on the trading floor.

After five hours of trading in the capital market, equity capitalization jumped to N55.4 trillion from N55.3 trillion recorded by the bourse on Thursday.

The All Share Index (ASI) also increased to 96,580.01 from 96,407.88.

Market breadth was positive as 26 stocks advanced and 24 stocks declined, while 67 stocks remained unchanged in 12,754 trades.

Julius Berger, Deapcap and Oando led other gainers with share prices growing by 10%, 10% and 9.94% respectively to close at N14.30, N0.88 and N76.90 from N13.00, N0.80 and N69.95 per share respectively.

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On the other hand, Eterna, Rtbriscoe and Tantalizers led the other price decliners as they dropped by 9.95%, 9.90% and 7.25% respectively to close at N27.60, N3.55 and N0.64 from initial prices of N30.65, N3.94 and N0.69 per share.

On the volume index, Julius Berger led the trading with 120 million shares worth N19.6 billion in 271 deals followed by Oando which traded 93 million shares worth N6.8 billion in 3,392 deals.

Jaiz Bank traded 54 million shares worth N119 million in 120 deals.

On the value index, Julius Berger recorded the highest value for daily traded equities worth N19.6 billion in 271 transactions followed by Oando which traded equities worth N6.8 billion in 3,392 transactions.

GTCO traded shares worth N1.196 billion in 284 transactions.

By: Babajide Okeowo

NGX: Equity market ends week with N98 billion profit for investors first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.