The Nigerian equities market snapped a three-day losing streak on Friday, as investors gained N505 billion at the close of the day’s trading.
This followed a surge in the share prices of FTN Cocoa Plc, Beta Glass Plc, and Veritas Kapital Assurance Plc, among others, on the trading floor.
The benchmark All-Share Index (ASI) rose to 141,004.14 points from the 140,332.44 points recorded on the previous day.
After five hours of trading at the capital market, the equity capitalisation also increased to N89.2 trillion from the N88.783 trillion posted by the bourse on Thursday.
The market breadth was negative, with 52 stocks advancing, 14 stocks declining, and 80 stocks remaining unchanged in 25,916 deals.
FTN Cocoa Plc, Beta Glass Plc, and Veritas Kapital Assurance Plc led other gainers with 10% growth each in price to close at N6.60, N449.35, and N1.98 from the previous N6.00, N408.50, and N1.80 per share.
Thomas Wyatt Plc, Geregu Power Plc, and McNichols Plc led other price decliners with 9.91%, 9.09% and 7.51% dip in share prices to close at N3.00, N1141.50, and N3.20 from the previous N3.33, N1255.50, and N3.46 per share.
On the volume index, First City Monument Bank Plc (FCMB) led trading with 135 million shares in 441 deals, followed by Nigerian Breweries Plc, which traded 43 million shares in 237 deals.
AIICO Insurance Plc traded 43 million shares in 736 deals.
On the value index, Transcorp Power Plc traded stocks valued at N8.5 billion in 160 deals, followed by Nigerian Breweries Plc, which traded equities worth N3.0 billion in 237 deals.
Guaranty Trust Holding Plc (GTCO) traded shares valued at N1.4 billion in 1,130 deals.