NGX: The equity market closes the week with N175BN profit for investors

Nigeria’s equity market on Friday, closes weeks with N175 billion profits for investors.

This follows the surge in stock prices such as Legend Internet (Legendint), Ellah Lakes PLC (ellahlakes) and Champions Breweries (Champions), among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 118,138.22 points from 117,861.13 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N74.53 trillion from N74.35 trillion posted by Bourse on Thursday.

The extent of the positive market because 43 shares advanced, 20 shares declined, and 85 shares remained unchanged in 17,706 agreements.

Legend Internet (Legendint), Ellah Lakes PLC (Ellahlakes) and Brewers Champions (Champion) leads other retaining with 10%, 10% and 9.63% growth in prices closed at N7.92, N5.33 and N8.20 from N7.20, N7.20, N4.20, N4,85 and N7.85 and N7.48 shares.

Sunu Assurance PLC (Sunussur), Nigherian Nigerian Flour Mills PLC (NNFM) and Thomas Wyatt PLC (Thomaswy) led other prices with 8.62%, 8.00% and 7.83% Decreased previous stock prices, N4.56, N93.20 and N2.00 from the previous N4.99, N4.101, N4.56, N93.20 and N2.00 from the previous N4.99, N4.99.

Also read: Internet Legend, Berger, Ellah Lakes, the others appeared at the top to watch this week

In the volume index, Fidelity Bank PLC (Fidelitybk) led trade with 38 million shares in 549 agreements, followed by Computer Warehouse Group (CWG), which was traded 24 million shares in 246 agreements.

Zenith Bank PLC (Zenithbank) trading 24 million shares in 964 agreements.

In the value index, Okomu (Okomuoil) oil palm emerged as the top stock traded, collecting N5.1 billion in 361 agreements, followed by MTN Nigeria (MTNN), which trades equity worth N1.8 billion in 771 agreements.

Guarantee Trust Holding (GTCO) shares traded worth N1.7 billion in 795 agreements.

By: Babajide Okeowo