Equities Market Closes Week Positive, As Investors Gain N165Bn

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Trading on the Nigerian equities market ended positive on Friday amidst buy-interests and sell-offs by investors as bulls dominated the session, driving up the broad market’s index.

Data from the Nigerian Exchange Limited (NGX), the local bourse’s supervisory institution,  indicated that at the end of the day’s trading, the All-share Index (ASI) surged by 0.55% to close at 54,949.21 points while the market capitalization grew by N165 billion to close at N29.933 trillion

Also, the data reflected that market’s Year-to-Date (Y-t-D) returns stood at 6.49%, thereby making the market to advance by 3,353.55 basis points since trading commenced on January 4 this year on the bourse.

The market’s trading trend on Friday also showed that the market breadth closed positive with MCNICHOLS topping the 31 gainers’ table while the 12 losers’ chart was topped by LIVINGTRUST at the close of day’s trading session.

According to the NGX, the volume of stocks traded totalled N119.0 million valued at N2.50 billion in 2,820 deals.

At the end of the trading session on Friday, the top five ASI gainers were MCNICHOLS up + 10.00 % to close at N0.66; JOHNHOLT up + 10.00 to close at N1.76; TIP up + 10.00 % to close at N0.44;  CONOIL up + 9.94% to close at N42.60; and MRS  up + 9.89% to close at N30.55

The trading indices further indicated that the top five ASI losers include, LIVINGTRUST down – 10.00% to close at N2.70; CORNEST down – 7.69% to close at N0.60; COURTVILLE down – 4.17% to close at N0.46; REGALINS down – 3.45% to close at N0.28; and JAPAULGOLD down – 3.33% to close at N0.29

The market indices also reflected that the top three traded stocks by volume were GTCO  –14,140,639; TRANSCORP –11,017,053 and ACCESSCORP –10,925,768 while the top top three traded stocks by value were, SEPLAT – N528,864,178; MTNN – N403,572,929; and GTCO – N358,248,794.

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