The Nigerian stock market closed the week on a mixed footing on Friday, with investors incurring a loss of ₦244 billion after two consecutive days of gains.
The market capitalisation declined by 0.32 per cent, falling from Thursday’s ₦76.583 trillion to ₦76.339 trillion.
Despite this dip in market value, the All-Share Index edged up by 0.01 per cent, adding 12.46 points to close at 120,989.66, compared to the previous day’s 120,977.20.
Market breadth remained positive, as 39 equities recorded gains while 27 declined at the close of trading.
Leading the gainers’ table, Champion Breweries appreciated by 10 per cent to close at ₦13.20 per share. John Holt also advanced by 10 per cent, ending the day at ₦7.70.
Red Star Express rose by 9.99 per cent to settle at ₦8.37, while UPDC climbed 9.98 per cent to close at ₦4.74. Academy Press followed suit, gaining 9.98 per cent to finish at ₦6.17 per share.
On the losers’ side, Ellah Lakes recorded a 10 per cent drop to ₦8.10, with PZ Cussons Nigeria also shedding 10 per cent to close at ₦32.40.
Ja Paul Gold dipped by 9.70 per cent to ₦2.70, Royal Exchange lost 9.49 per cent to ₦1.24, and McNicholas was down 8.85 per cent, closing at ₦2.78 per share.
A total of 923.7 million shares worth ₦11 billion were traded in 25,680 deals, compared to 933.40 million shares valued at ₦29.31 billion exchanged in 24,207 transactions on Thursday.
Ja Paul Gold led the activity chart with 147.1 million shares valued at ₦421.62 million.
WAPIC Insurance followed with 44.53 million shares worth ₦94.6 million, while Access Corporation recorded trades of 43.63 million shares valued at ₦984.3 million.
Conhall Plc moved 42.81 million shares worth ₦122.4 million, and CHAMS exchanged 42 million shares valued at ₦107.89 million.