NGX: Investors gained N119 billion as equity markets closed strongly for the week

The Nigerian equity market closed the week well as investors gained N119 billion at the end of trading on Friday.

This follows the soaring prices of shares such as Eterna, Premier Paints, and Union Dicon, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 196,968.15 points from 196,807.15 points recorded the previous day.

After five hours of trading on the capital market, equity capitalization rose to N126.4 trillion from N126.3 trillion recorded by the exchange on Thursday.

Market breadth was positive, with 35 stocks advancing, 33 declining, and 79 stocks unchanged in 62,699 transactions.

A total of 634,012,355 shares were traded worth N30.6 billion.

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Eterna, Premier Paints and Union Dicon led the gainers chart, with share price growth of 10%, 9.77% and 9.70% respectively, closing at N42.35, N14.60 and N16.40 per share, up from N38.50, N13.30 and N14.95 per share.

RT Briscoe, Scoa and ABC Transport led the rest of the price declines with price drops of 10%, 9.96% and 9.96% respectively to close at N12.06, N34.35 and N6.24 per share, down from the previous N13.40, N38.15 and N6.93 per share.

On the volume index, First Holding Co led trading with 43 million shares in 819 transactions, followed by Access Holding Plc, which traded 43 million shares in 2,264 transactions.

Zenith Bank traded 39 million shares in 2,698 transactions.

On the value index, GTCO traded shares worth N4.6 billion in 2,230 transactions, followed by Aradel, which traded equities worth N3.7 billion in 1,840 transactions.

Zenith Bank traded shares worth N3.7 billion in 2,698 transactions.

Babajide Okeowo