The Nigerian Exchange (NGX) closed bullish at the end of Friday’s trading session as investors reversed the volatility that had characterized most of the day’s trading session with positive sentiments.
As a result, the All-Share Index (ASI), the benchmark index for traded equtieis, rose by 0.09% to close at 67,395.74 index points as against 67,335.30 index points recorded in the previous day’s trading session.
Similarly, the market capitalization of equities gained N33 billion to close at N36.886 trillion, 0.09% higher than the N36.853 trillion recorded in the previous trading session.
An analysis of the day’s market Indices showed that the volume of traded equities rose to 408.87 million with a value of N5.23 billion that exchanged hands in 6,972 deals from the 788.54 million volume traded in the previous day’s session.
Available data from the Nigerian Exchange Group (NGX) on the trading trend indicated that STERLING led the chart in terms of volume as 82.28 million units were traded. TRANSCORP (59.69 million) and UBA (48.11 million) rounded up the top 3 traded stocks at the close of the trading session.
Also, in terms of value traded, the data reflected that GTCO (N926.85 million) led the chart followed by UBA (N787.62 million) and TRANSCORP (N364.93 million) to round up the top three equities.
Overall, the market breadth closed positive as CHAMS (10.00%) led the gainers’ table, CONOIL (-10.00%) led the losers’ while STERLINGNG was the most traded equity by volume at the end of Friday’s trading session.
The data further reflected that the top three ASI gainers comprised CHAMS, CUTIX, and CORNERST which gained +10.00%, +9.95%, and +9.38% respectively while the top three losers were CONOIL, MRS, and ABC TRANSPORT, losing –10.00%, -9.96%, and –9.64% respectively.
