NGX: Julius Berger leads gainers as investors make N270 billion in five hours

Nigeria’s equity market closed the week with a gain of N270 billion by investors on Friday.

This follows the increase in stock prices such as JULIUS BERGER, ETERNA, and UCAP among others on the trading floor today.

After five hours of trading in the capital market, equity capitalization rose to N55.9 trillion from N55.7 trillion recorded by the bourse on Thursday.

The All Share Index (ASI) also increased to 98,592.12 from 98,116.27 recorded the previous day.

Market breadth was positive as 36 stocks rose and 18 stocks fell, while 59 stocks remained unchanged in 9,529 trades.

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JULIUS BERGER, ETERNA and UCAP led the gainers with their share prices increasing by 10% to close at N110.00, N19.80 and N14.50 respectively from N100.00, N18.00 and N14.50 per share respectively.

On the other hand, UNION DICON, UPL and CUSTODIAN led other price decliners as they dropped by 9.88%, 8.79% and 8.59% respectively to close at N7.30, N2.18 and N11.70 from initial prices of N8.10, N2.39 and N12.80 per share.

On the volume index, VERITASKAP led the trade with 103 million shares worth N125 million in 356 deals followed by OANDO which traded 52 million shares worth N2.1 billion in 242 deals.

UBA traded 42 million shares worth N691 million in 633 transactions.

On the value index, OANDO recorded the highest value for daily traded equities worth N2.1 billion in 242 transactions followed by ZENITH BANK which traded equities worth N1.2 billion in 540 transactions.

GTCO traded shares worth N1.024 billion in 417 transactions.

By: Babajide Okeowo

NGX: Julius Berger leads gainers as investors make N270 billion in five hours first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.