Investors in Nigeria’s stock market recorded a gain of N91 billion on Friday, bringing a positive end to the week after several days of losses.
The market capitalisation, which started the day at N67.102 trillion, increased to N67.193 trillion, reflecting a 0.14 percent rise. Similarly, the All-Share Index moved up by 146 points to close at 107,821.39, compared to 107,675.46 recorded on Thursday.
Despite the overall market gain, more stocks lost value than those that gained. A total of 34 stocks declined, while 26 stocks saw price increases.
Top losers
- Red Star Express fell by 9.96% to close at N6.60 per share.
- Learn Africa dropped 9.84% to N3.30 per share.
- Multiverse Mining and Exploration declined by 9.72% to N9.75 per share.
- Cadbury Nigeria lost 9.62%, closing at N26.30 per share.
- Linkage Assurance Plc dropped by 5.80% to N1.30 per share.
Top Gainers
- Austin Laz and Company gained 10%, closing at N2.09 per share.
- Oando increased by 9.94% to N58.05 per share.
- Caverton rose 9.67% to N2.95 per share.
- John Holt climbed 9.62% to N7.98 per share.
- PZ gained 9.09%, closing at N35.40 per share.
Investors actively traded 458.26 million shares worth N14.078 billion in 12,213 deals. This was an increase from Thursday’s trading, where 423.42 million shares worth N9.57 billion were exchanged in 11,112 deals.
Zenith Bank led the market in both volume and value, with 122 million shares traded, worth N5.9 billion.
The recent performance shows a shift after several days of losses. While some stocks continue to decline, the overall market recorded a gain, giving investors hope for a more positive trend in the coming days.