NGX: Equities market ends week with N20bn gain for investors

The Nigerian equities market ended the week’s trading with a N20 billion gain for investors on Friday.
This followed an increase in the share prices of stocks like SOVRENINS, CUSTODIAN, and NAHCO amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization increased to N56.92 trillion from N56.90 trillion posted by the bourse on Thursday.
The All-Share Index (ASI) increased to 100,539.40 from 100,503.21 recorded the previous day.
The market breadth was negative as 16 stocks advanced and 28 declined, while 71 others remained unchanged in 9,988 deals.
SOVRENINS, CUSTODIAN, and NAHCO led other gainers with 4.26%, 4.17%, and 3.41% growth in share price each to close at N0.49, N10.00, and N39.40 from the previous N0.47, N9.60, and N38.10 per share.
On the flip side, CUTIX, ABC TRANS, and TANTALIZER led other price decliners as they shed 8.55%, 8.33%, and 8.16% each to close at N5.99, N0.77, and N0.45 from the initial N6.55, N0.84, and N0.49 per share.
On the volume index, FCMB led trading with 114 million shares valued at N869 million in 218 deals followed by JAIZ BANK which traded 103 million shares valued at N224 million in 151 deals.
UCAP traded 56 million shares valued at N2.29 billion in 1480 deals.
On the value index, UCAP recorded the highest value for the day trading stocks worth N2.29 billion in 1480 deals followed by GTCO which traded equities worth N1.69 billion in 521 deals.
ZENITH BANK traded stocks worth N1.09 billion in 569 deals.
By: Babajide Okeowo
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