Equities Market Closes Green, As Capitalization Rises N5Bn

brtnews
2 Min Read

The Nigerian equities market closed the week Friday with positive sentiment due to gains recorded in GEREGU, UBA, and 12 other stocks after a few days of unimpressive performance.

The stocks’ gains boosted the All Share Index (NGX ASI) and the market capitalization by 0.07%, while the Year-to-Date (Y-T-D) return stood at 3.63%.

Specifically, the market’s official data showed that the ASI closed at 44,269.18 against the previous close of 44,236.70 while market capitalization marginally grew to N24.100 trillion compared to the previous day’s close value of N24.095 trillion.

A further analysis of the trading session indicated that the volume traded increased by 228.10% from 215.154 million to 705.916 million, while the total value of stock traded increased by 141.04% from N1.906 billion to N4.594 billion in 3,472 deals.

Curiously, at the end of the day’s session, the Agriculture sector led the activity chart with 351.123 million shares exchanged for N0.132 billion, displaying the Financial Services sector which had led the activity chart for about two consecutive weeks.

The Financial Services came next with 305.948 million shares traded for N2.5 billion, Conglomerates, Services, Oil And Gas sectors followed in that order on the activity chart.

Information from the NGX, indicated that the most active stocks by volume traded were FTNCOCOA, ACCESSCORP, FIDELITYBK, GTCO and GEREGU while the five top price gainers were FTNCOCOA, LINKASSURE, REGALINS, GEREGU and TRANSEXPR.

At the end of the trading session on Friday, five stocks in order of ranking, namely CUSTODIAN, CHAMS, ACADEMY, JAIZBANK and CAP were at the top of the losers’ chart.

Share This Article