The Nigerian stock market ended the trading this week with N156 billion profit for investors on Friday.
This followed a surge in the share prices of stocks like CAP, LIVESTOCK, and EUNISELL amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization increased to N60.2 trillion from N60.1 trillion recorded by the bourse on Thursday.
The benchmark All-Share Index (ASI) increased to 99,448.91 from 99,189.95 recorded the previous day.
The market breadth was positive as 39 stocks advanced and 13 stocks declined, while 61 stocks remained unchanged in 8,772 deals.
CAP, LIVESTOCK, and EUNISELL led other gainers with 10%, 10% and 9.72% growth each in share prices to close at N38.50, N3.41, and N3.50 from the previous N35.00, N3.10 and N3.19 per share.
DAAR COMMUNICATION FTN COCOA, FIDELITY BANK led other price decliners with 9.86%, 4.76%, and 2.72% decline each in share prices to close at N0.64, N1.80, and N14.30 from the previous N0.71, N1.89 and N14.70 per share.
On the volume index, CHAMS led trading with 97 million shares in 138 deals followed by UBA which traded 88 million shares in 1, 023 deals.
STERLING BANK traded 32 million shares in 222 deals.
On the value index, UBA topped with securities worth N2.6 billion traded in 1,023 deals followed by ARADEL which traded equities worth N2 billion in 729 deals.
ZENITH BANK traded shares valued at N7 billion.
By: Babajide Okeowo
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