NGX: Equity capitalization increased by N697 billion as bullish movement continues

Investors in the Nigerian equity market earned N697 billion at the close of trading on Friday.

This follows a surge in the prices of shares such as Trans Express, International Breweries and Chams Plc, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 203,770.42 points from 202,672.56 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization increased to N131.1 trillion from N130.4 trillion recorded by the exchange on Thursday.

Market breadth was negative, with 22 stocks rising, 32 declining, and 94 stocks unchanged in 48,538 transactions.

A total of 548,601,278 shares were traded worth N31.4 billion.

READ ALSO: Stock market transactions rise 78.93% to N1.54tn for February ’26

Trans Express, Inter Brew and Chams Plc led the gainers chart, with share price growth of 9.91%, 9.88% and 9.84% respectively, closing at N3.77, N13.35 and N3.35 per share, up from N3.43, N12.15 and N3.05 per share

Omatek, Austin Laz and Wapic led other price declines, with falls of 10%, 9.93% and 9.88% respectively, closing at N2.07, N3.99 and N2.92 per share, down from N2.30, N4.43 and N3.24 per share respectively.

On the volume index, Access Holding led trading with 52 million shares in 1,969 transactions, followed by Zenith Bank, which traded 47 million shares in 3,679 transactions.

UBA traded 38 million shares in 1,495 transactions.

On the value index, Aradel traded shares worth N6.9 billion in 1,124 transactions, followed by Zenith Bank, which traded equities worth N5.3 billion in 3,679 transactions.

GTCO traded shares worth N4.6 billion in 3,251 transactions.

Babajide Okeowo

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