NGX: Investors earned N1.8tr to record a perfect trading week

Investors in the Nigerian equity market earned N1.8 trillion at the close of trading on Friday.

This follows a surge in the prices of shares such as UPDC, Academy Press and HM Call, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 225,722.49 points from 222,837.68 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization increased to N145.3 trillion from N143.3 trillion recorded by the exchange on Thursday.

Market breadth was positive, with 43 stocks advancing, 26 declining, and 79 unchanged in 55,232 transactions.

A total of 627,616,518 shares were traded worth N44.5 billion.

UPDC, Academy Press and HM Call led the gainers chart, with share price growth of 10%, 10% and 9.97 respectively, closing at N4.40, N7.70 and N3.97 per share, up from N4.00, N7.00 and N3.61 per share.

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Meyer, Trans Express and CI Leasing led other price declines, with declines of 9.92%, 9.30% and 8.53% respectively, closing at N16.80, N7.90 and N5.90 per share, down from N18.65, N8.71 and N6.45 per share respectively.

On the volume index, Access Holding led trading with 75 million shares in 2,865 transactions, followed by UBA which traded 43 million shares in 2,421 transactions.

Wema Bank traded 41 million shares in 1,100 transactions.

On the value index, MTN Nigeria traded shares worth N8.2 billion in 3,834 transactions, followed by Zenith Bank, which traded equities worth N5.2 billion in 4,136 transactions.

Dangote Cement traded shares worth N3.5 billion in 1,818 transactions.

Babajide Okeowo