Business
NGX: Investors close week with N52bn profit
Investors in the Nigerian equities market ended the week with a N52 billion gain on Friday.
This followed an increase in the share price of GUINNESS, ETRANZACT, and UNITY BANK amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization increased to N56.527 trillion from N56.474 trillion posted by the bourse on Thursday.
Similarly, the All-Share Index (ASI) increased to 99,925.29 from 99,221.14 recorded the previous trading day.
The market breadth was positive 31 stocks advanced, 17 declined, while 74 others remained unchanged in 7,302 deals.
READ ALSO: NGX: Investors begin week with N323bn profit
GUINNESS, ETRANZACT, and UNITY BANK led other gainers with 9.95%, 9.89% and 9.84% growth in share price to close at N60.25, N5.00, and N1.34 from the previous N54.80, N4.55, and N1.22 per share.
On the flip side, ACADEMY, CWG, and PRESTIGE led other price decliners as they shed 9.85%, 9.40%, and 5.56% each to close at N1.83, N0.55, and N0.51 from the initial N2.03, N5.85, and N0.54 per share.
On the volume index, STERLINGNG led trading with 42.259 million shares valued at N1.75 billion in 94 deals followed by ZENITH BANK which traded 28.033 million shares in 482 deals worth N1.008 billion.
FIDELITY BANK traded 25.104 million shares valued at N2.48 billion in 192 deals.
On the value index ZENITH BANK recorded the highest value for the day trading stocks worth N1.008 billion in 482 deals followed by GTCO which traded equities worth N635 million in 313 deals.
SEPLAT traded stocks worth N438 million in 72 deals.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: In Sokoto, classrooms overtaken by goats, reptiles, as insecurity, lack of teachers, govt inaction push children out of school
SHEHU MUHAMMAD SHEHU reports on how insecurity, government inaction and lack of qualified teachers has significantly forced up the number...
INVESTIGATION: Abia residents in pains, as contractor abandons erosion control project after collecting N185m
Fresh from fashion school in 2022, Onuka Kalu planned to convert one of his father’s two shops, where he formerly...
Trump halts $50m Gaza aid, cites ‘condoms in Gaza’ claim
In a sweeping move to reassess U.S. foreign aid spending, President Donald Trump has frozen a $50 million assistance package...
INVESTIGATION: In Zamfara, forgotten Health Center throws community into health crisis
In the late evening of Friday, September 14, 2024, shortly after the Maghrib prayer, Bashir Muhammad, a 34-year-old father of...
INVESTIGATION: Insufficient teachers, learning materials worsen education access in Kwara communities
Qudus, a Junior Secondary School (JSS 2) pupil, would sit the Basic Education Certificate Examination (BECE) in a year to...