The Nigerian equities market rebounded on Friday to close the week strong amid bullish buy and sell-offs session, with the capitalization rising by N29 billion at the end of the day’s trading
Data from the Nigerian Exchange Group (NGX), the market’s supervisory institution, indicated that the All Share Index (ASI) gained +0.10% to close the week at 52,214.62 index points as against 52,162.24 index points recorded on Thursday.
As expected, the market capitalization also appreciated by 0.10% or N29 billion to close the week at N28.431 trillion as against the previous trading session when it closed at N28.402 trillion.
According to the NGX, MRS Plc topped the activity chart with 9.93% gain to close at N33.75 with a market valuation of N11.57 billion while FIDELITY BANK Plc topped the volume and value charts as 942.7million units of its shares valued at N5.52 billion were traded to at the end of Friday’s trading.
The market indices further reflected that overall, the equities market was characterized by positive trading sessions for most days of the week as investors exhibited bullish sentiments despite some midweek bearish moments.
The data showed that the volume of traded stocks totalled 1.42 billion, valued at N10.98 billion that transacted in 5,527 deals
The indices showed that the top ASI gainers comprised MRS which gained +9.93% to close at N33.75 per share; ACADEMY that gained +9.87% to close at N1.67 per share; IKEJAHOTEL which also gained +9.86% to close at N1.56 per share; TRANSCORP that also gained +9.75% to close at N2.59 per share; and ARDOVA which gained +9.09% to close at N26.40 per share.
Conversely, the five top losers were CILEASING which was down by -9.86% to close at N3.20 per share; PRESTIGE which dipped by -9.76% to close at N0.37 per share; ROYALEX which was down by -6.90% to close at N0.54 per share; COURTVILLE which declined by -6.52% to close at N0.43 per share; and LIVESTOCK that was down by -6.42% to close at N1.02 per share.
A further analysis of the Friday’s trading data also indicated that the top three traded stocks by volume included FIDELITYBK 942,768,057; ACCESSCORP 170,030,971; and FBNH 81,120,755 while the top three stocks by value comprised FIDELITYBK N5,520,075,711; ACCESSCORP N1,693,211,461; and FBNH N973,359,597
