Equities investors end week with N997bn profit

Investors in the Nigerian equities market gained N997 billion at the close of trading on Friday.

This followed the surge in the share prices of stocks such as UAC Nigeria, Transcorp Hotel and Royal Exchange among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 147,040.07 points from the 145,476.15 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation surged to N93.7 trillion from N92.7 trillion posted by the bourse on Thursday.

The market breadth was positive with 38 stocks advancing, 16 stocks declining, and 93 stocks remaining unchanged in 21,051 deals.

An aggregate of 361,599,155 units of shares was traded, valued at N14.8 billion

UAC Nigeria, Transcorp Hotel and Royal Exchange led the gainers with 10%, 9.71% and 8.89% growth in share prices, respectively, to close at N96.80, N172.80, and N1.96 per share, up from the previous N88.00, N157.50, and N1.80 per share.

Union Dicon, ABC Transport and AXA Mansard led other price decliners with a 10%, 9.88%, and 7.19% dip each in share price to close at N6.30, N3.10, and N12.90 per share, down from the previous N7.00, N3.44, and N13.90 per share

On the volume index, Zenith Bank Plc led trading with 59 million shares in 1,066 deals, followed by Access Holding Plc, which traded 46 million shares in 1, 101 deals.

Fidelity Bank Plc traded 29 million shares in 363 deals.

On the value index, Zenith Bank traded stocks valued at N3.6 billion in 1, 066 deals, followed by MTN Nigeria, which traded equities worth N2.8 billion in 1,502 deals.

Aradel traded shares valued at N1.1 billion in 530 deals.

 

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