Investors at the Nigerian capital market gained N140 billion at the close of trading on Friday.
This followed a surge in the share prices of stocks like Fidson, Meyer and Caverton amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization increased to N56.4 trillion from N56.3 trillion recorded by the bourse on Thursday.
The benchmark All-Share Index (ASI) increased to 98,247.99 points from 98,003.75.
The market breadth was positive as 35 stocks advanced and 21 stocks declined, while 62 stocks remained unchanged in 8, 670 deals.
Fidson, Meyer, Caverton led other gainers with 10%, 9.98% and 9.82% growth each in share prices to close at N15.95, N7.05, and N3.69 from the previous N14.50, N6.41, and N3.36 per share.
READ ALSO: Oando, Ucap, Transcorp, Skyway Aviation, others top list of stocks to watch this week
On the flip side, FBNH, NNFM, NIDF led other price decliners as they shed 9.98%, 9.96%, and 9.93% each to close at N27.50, N35.25 and N101.60 from the initial N30.55, N39.15, and N112.80 per share.
On the volume index, FBNH led trading with 68 million shares valued at N2 billion in 723 deals followed by JAPAUL GOLD which traded 149 million shares valued at N391 million in 101 deals.
FIDELITY BANK traded 26 million shares valued at N354 million in 463 deals.
On the value index, FBNH recorded the highest value for the day trading stocks worth N2 billion in 723 deals followed by OANDO which traded equities worth N689 million in 573 deals.
UACN traded shares valued at N537 million in 149 deals.
By: Babajide Okeowo
The post NGX: Bulls return to equities market as investors gain N140bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
