BEVERLY HILLS, March 29, (THEWILL) – Investors in Nigeria’s equity market smiled home last Friday as trading closed positive with a gain of N258.1 billion or 1.27 per cent increase.
The Daily Market Statistics published by the Nigerian Stock Exchange showed that market capitalization closed N20.518 trillion on Friday, March 28, compared to N20.259 trillion at the end of last Monday’s trading, pushing the market to a 258.1 billion gain.
The NSE-All Share Index accordingly moved 494 basis points from 38722.87 recorded on Monday to 39,216.20.
Although market capitalization dropped by N40 on Friday, from N20.558 trillion on Thursday (to N20.518 trillion Friday), the result for the week ended positive.
A total of 250,923,440 shares in 3,746 deals were traded on Friday. This amounts to a market value of N2.790 trillion representing 9 per cent improvement in volume when compared with the previous day’s trading day (Thursday, March 25). It however translates to 26 per cent decline in turnover, and 7 per cent decline in deals.
In the aggregate, 105 listed equities participated in trading that produced 20 gainers and 14 losers, with Guinness Nigeria leading the gainers’ table while Wapic Insurance leading the losers’ pack.
The Union Bank of Nigeria recorded the highest volume of 79.2 million traded shares, followed by Zenith Bank with 21.01 million, Guaranty Trust 19.79 million and Guinness Nigeria 12.58 million
Further insight into the report showed an overall year-to-date benchmark Index loss of 2.62 per cent.
Investors in Nigeria’s equity market smiled home last Friday as trading closed positive with a gain of N258.1 billion or 1.27 per cent increase.
The Daily Market Statistics published by the Nigerian Stock Exchange showed that market capitalization closed N20.518 trillion on Friday, March 28, compared to N20.259 trillion at the end of last Monday’s trading, pushing the market to a 258.1 billion gain.
The NSE-All Share Index accordingly moved 494 basis points from 38722.87 recorded on Monday to 39,216.20.
Although market capitalization dropped by N40 on Friday, from N20.558 trillion on Thursday (to N20.518 trillion Friday), the result for the week ended positive.
A total of 250,923,440 shares in 3,746 deals were traded on Friday. This amounts to a market value of N2.790 trillion representing 9 per cent improvement in volume when compared with the previous day’s trading day (Thursday, March 25). It however translates to 26 per cent decline in turnover, and 7 per cent decline in deals.
In the aggregate, 105 listed equities participated in trading that produced 20 gainers and 14 losers, with Guinness Nigeria leading the gainers’ table while Wapic Insurance leading the losers’ pack.
The Union Bank of Nigeria recorded the highest volume of 79.2 million traded shares, followed by Zenith Bank with 21.01 million, Guaranty Trust 19.79 million and Guinness Nigeria 12.58 million
Further insight into the report showed an overall year-to-date benchmark Index loss of 2.62 per cent.
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