NGX wraps week’s trading positive

Trading on the floor of the Nigerian Exchange Limited wrapped up on a positive note on Friday to record three straight sessions of consecutive gains.

The All-Share Index was up by 0.09 per cent to close at 38,648.91 basis points and the market capitalisation also advanced, closing at N20.14tn.

Amid the sustained bargain hunting activity, investors gained N17.62, even as 17 companies’ stocks appreciated against 10 stocks that fell.

The day’s trading session also saw the year-to-date loss of the ASI fall to -4.02 per cent.

Presco, Flour Mills of Nigeria, Zenith Bank and Access Bank shares enjoyed investors patronage, as their respective share prices increased by 2.70 per cent, 1.02 per cent, 1.28 per cent, 5.45 per cent and 0.59 per cent.

Of the five indices tracked, two closed in the green territory while others moved in mixed directions.

The banking and consumer goods indices rose by 0.44 per cent and 0.07 per cent respectively.

While the insurance index fell by 0.15 per cent, the oil and gas and the industrial indices closed flat.

Market activity was upbeat however, as total volume and value of stock traded rose. Thus, the volume of stocks appreciated by 37.52 per cent to 220.63 million units, valued at N2.53bn in 2,952 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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