NGX: Equity market closes week with N128 billion gain for investors

Nigeria’s equity market closed the week with a gain of N128 billion for investors on Friday.

This follows the increase in the prices of shares such as NSL TECH, OANDO, and UACN among others on the trading floor.

After five hours of trading in the capital market, equity capitalization jumped to N55.3 trillion from N55.2 trillion recorded by the bourse on Thursday.

The benchmark All-Share Index (ASI) also increased to 96,433.53 from 96,210.20.

Market breadth was positive as 37 stocks rose and 18 stocks fell, while 59 stocks remained unchanged in 7,981 trades.

NSL TECH, OANDO and UACN led other gainers with 10% growth in share prices respectively to close at N0.59, N81.40 and N20.90 from N0.54, N74.00 and N19.00 per share respectively.

On the other hand, DEAPCAP, PZ, and ETERNA led other price decliners as they fell by 9.62%, 9.52%, and 6.25% respectively to close at N0.94, N19.00, and N30.00 from opening prices of N1.04, N21.00, and N32.00 per share.

On the volume index, JAIZ BANK led the trade with 54 million shares worth N124 million in 97 deals followed by ZENITH BANK which traded 34 million shares worth N1.2 billion in 646 deals.

NOTORE traded 34 million shares worth N2.1 billion in six transactions.

On the value index, NOTORE recorded the highest value for daily traded shares worth N2.1 billion in 6 transactions followed by OANDO which traded equities worth N1.4 billion in 777 transactions.

ZENITH BANK traded shares worth N1.2 billion in 646 deals.

NGX: Equity market closes week with N128 billion gain for investors first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.