Investors Earn Over N244bn On Market Recovery
Gains on the Nigerian Exchange extended on Friday, totaling N244.5 billion for the week as the markets continued a steady recovery.
The benchmark All-Share Index inched higher by 177.86 points or 0.46 percent to close at 38,726.10 from Thursday’s 38,548.24, increasing market capitilisation by N92 billion to close the week N20.18 trillion.
Market breadth closed positive on Friday as 21 stocks posted price appreciation in contrast with 10 laggards.
Morison Industry led the gainers’ table in percentage terms, gaining 9.71 percent to N1.13 per share.
On the other hand, CWG topped the losers’ chart in percentage terms, dropping by 9.47 percent to N1.53 per share.
However, the volume of shares transacted dipped 20.28 percent as investors bought and sold 199.06 million shares valued at N1.59 billion in 3,150 deals.
Sovereign Trust Insurance was the toast of investors, exchanging 31.79 million shares valued at N8.35 million.