Equities market closes Friday with N128bn gain for investors

The Nigerian equities market closed the week’s trading with a N128 billion gain for investors on Friday.

This followed an increase in the share prices of stocks like NSL TECH, OANDO, and UACN amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalisation surged to N55.3 trillion from N55.2 trillion recorded by the bourse on Thursday.

The benchmark All-Share Index (ASI) also increased to 96,433.53 from 96,210.20.

The market breadth was positive as 37 stocks advanced and 18 stocks declined, while 59 stocks remained unchanged in 7,981 deals.

NSL TECH, OANDO, and UACN led other gainers with 10 percent growth each in share prices to close at N0.59, N81.40, and N20.90 from the previous N0.54, N74.00, and N19.00 per share.

On the flip side, DEAPCAP, PZ, and ETERNA led other price decliners as they shed 9.62 percent, 9.52 percent, and 6.25 percent each to close at N0.94, N19.00, and N30.00 from the initial N1.04, N21.00, and N32.00 per share.

On the volume index, JAIZ BANK led trading with 54 million shares valued at N124 million in 97 deals followed by ZENITH BANK which traded 34 million shares valued at N1.2 billion in 646 deals.

NOTORE traded 34 million shares valued at N2.1 billion in six deals.

On the value index, NOTORE recorded the highest value for the day trading stocks worth N2.1 billion in 6 deals followed by OANDO which traded equities worth N1.4 billion in 777 deals.

ZENITH BANK traded shares valued at N1.2 billion in 646 deals.