The Nigerian Exchange Limited, NGX market capitalization ended the week on a bearish note with a N248 billion gain.
This is as the market capitalization added N248 billion or 0.44 percent to its opening of N55.754 trillion to close at N56.002 trillion.
The All-Share Index also gained 0.44 percent or 432 points to close at 97,456.62 points, against 97,025.17 points reported on Thursday.
As a result, the Year-To-Date(YTD) return increased by 30 percent.
Further analysis showed that Investors’ interest in Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Access Corporation, Fidelity Bank, Transnational Corporation, Nigerian Breweries and stocks contributed to the gain recorded in the market.
The market breadth also closed positive with 33 gainers outperforming 20 losers on the floor of the Exchange.
Flour Mill led the gainers’ chart by 9.99 percent to close at N54.50, and Caverton followed by 9.96 percent to close at N2.54 per share.
Ecobank Transnational Incorporated gained 9.95 percent to close at N23.75, RT Briscoe advanced by 9.94 percent to close at N3.65 and UPDC went up by 9.88 percent to close at N1.78 per share.
On the flip side, Daar Communications led the losers’ chart by 9.72 percent to close at 65k, and Deap Capital Management and Trust Plc trailed by 8.82 percent to close at 93k per share.
PZ also lost 8.48 percent to close at N15.65, Custodian dropped 8.45 percent to close at N13, while McNichols decreased by 8.44 percent to close at N1.41 per share.
Additional analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.90 percent.
A total of 412.90 million shares valued at N6.47 billion were exchanged in 8,803 deals, in contrast to 390.55 million shares valued at N7.97 billion traded in 9,615 deals posted in the previous session.
Meanwhile, Japaul Gold led the activity chart in volume with 105.65 million shares, while FBN Holdings led in value of deals worth N1.24 billion.
NGX closes week with N248bn gain
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