The Nigerian equities market on Friday closed on positive note, appreciating by N392 billion, driven by gains in mid and capitalised stocks.
The market capitalisation of listed equities appreciated by 0.29 per cent to N131.165 trillion from the N130.773 trillion reported the previous day.
The NGX All Share Index also increased by 608.61 basis points to 203770.42 points from the 203161.81 points it closed on Thursday.
Although the market breadth was negative with 31 decliners against 23 advancers, the gains in the shares of GTCO Plc, UACN, UBA, Wapco Nigerian Plc, NGX group Guinness and others lifted market activities, brought year-to-date return to 30.95 per cent.
An analysis of the trading during the day showed that Trans Express led the gainers’ table with 9.91 per cent to close at N3.77 per unit; International Breweries followed with a gain of 9.88 per cent to close at N13.55 per share; Chams Plc added 9.84 per cent to close at N3.35 per unit; Guinness Nigeria Plc grew by 9.38 per cent to close at N462.90 per unit; Wapco Nigerian Plc up by 8.52 per cent to close at N233.20 per share.
On the contrary, Omatek topped the losers’ chart, dropping by 10 per cent to close at N2.07 per unit; AustinLaz trailed with a loss of 9.93 per cent to close at N3.99 per share; Wapic Insurance went down by 9.88 per cent to close at N2.92 per unit; Zichis Plc dipped by 9.58 per cent to close at N12.55 per share; Cornerstone Insurance fell by 8.77 per cent to close at N5.20 per share.
The volume of trades declined by 104.261 million, representing 15.97 per cent as investors traded 548.601 million shares against 652.862 million shares reported the previous day.
The value of transactions dropped by 21.0 per cent to settle at N31.457 billion in 48538 deals.
Trading in the shares of Access Holdings Company led market activities with 52.704 million shares valued at N1.373 billion; Zenith followed with account of47.793 million shares cost N5.344 billion; United Bank for Africa exchanged 38.884 million shares cost N1.827 billion; NSLTEch traded 36.691 million shares valued at N354.474 million, while GTCO Plc traded 34.905 million shares valued at N4.631 billion.
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