The Equity Market rebounded with a profit of 135 billion for investors

Investors at the Nigerian equity market obtained N135 billion at the close of trade on Friday.

This follows the surge in stock prices such as Abbeybds, UPDC, and NNFM, among others, on the trading floor.

After five hours of trading in the capital market, the capitalization of equity increased to ₦ 66.2 trillion from ₦ 66.1 trillion posted by Bourse on Thursday.

The Benchmark All-Share Index (ASI) increased to 105,641.51 points from 105,426.12 points recorded on the previous day.

The extent of the negative market because 24 shares advanced and 31 shares declined, while 66 shares remained unchanged 13,039 offers.

AbbeyBDS, UPDC, and NNFM lead other growth with 10%, 10%, and 9.96%growth in prices closed at N4.73, N2.97 and N87.75 from N4.30, N2.70 and N79.80 per previous share.

Intenegin, African Prudential Insurance, and Cadbury led other prices with 10%, 10% and 9.42% of stock price reductions to N1.62, N13.05 and N23.55 from N1.80, N14.50 and N26.00 per previous share.

Also read: NSE! Equity loses N71.8 billion as Semen Dangote, Nigerian stocky plunge

In the volume index, Mbenefit led the trade with 73 million shares in 233 agreements, followed by Cutix, which was traded 72 million shares in 83 agreements.

GTCO trades 67 million shares in 1,085 offers.

In the value index, Aradel took place the shares traded worth N6.4 billion in 360 agreements followed by GTCO traded by equity worth N4.5 billion in 1,085 offers.

The shares traded by Nestle worth N2.3 billion in 128 agreements.

By: Babajide Okeowo

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