NGX: Neimeth, Cadbury among top entities as investors gain N3.1tr

Investors in the Nigerian equity market earned N3.1 trillion at the close of trading on Friday.

This follows a surge in the prices of shares such as Neimeth, Cadbury and Living Trust, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 244,670.65 points from 239,734.61 points the previous day.

After five hours of trading on the capital market, equity capitalization jumped to N157 trillion from N153.8 trillion recorded by the exchange on Thursday.

Market breadth was positive, with 38 stocks advancing, 34 declining, and 76 stocks unchanged in 69,996 transactions.

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A total of 1,066,486,881 shares were traded worth 55 billion.

Neimeth, Cadbury and Living Trust led the gainers chart, with growth of 10% each, with share prices closing at N9.90, N72.60 and N3.52 per share, up from N9.00, N66.00 and N3.20 per share.

UACN, IMG and Eterna led the rest of the price declines, with declines of 10.00%, 10% and 9.93% respectively, closing at N171.00, N42.30 and N33.55 per share, down from N190.00, N47.00 and N37.25 per share respectively.

On the volume index, VFD Group led trading with 102 million shares in 330 transactions, followed by FCMB which traded 99 million shares in 755 transactions.

UBA traded 94 million shares in 3,365 transactions.

On the value index, MTNN traded shares worth N6.8 billion in 5,928 transactions, followed by Dangote Cement, which traded equities worth N5.9 billion in 2,199 transactions.

Zenith Bank traded shares worth N5.7 billion in 5,041 transactions.

Babajide Okeowo