The Nigerian equities market sustained the bullish run in the New Year as investors gained N274 billion at the close of trading on Friday.

This followed a surge in the share prices of stocks like NCR, LEARN AFRICA, and ABBEYBDS amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization rose to ₦62.9 trillion from ₦62.7 trillion which was recorded by the bourse on the last day of 2024.

The benchmark All-Share Index (ASI) increased to 103,586.33 from 103,180.14 recorded on Tuesday.

The market breadth was positive as 65 stocks advanced and 11 stocks declined, while 48 stocks remained unchanged in 13,593 deals.

READ ALSO: Investors gain N339bn as Nigerian stock market’s valuation rises by 0.93%

NCR, LEARN AFRICA, and ABBEYBDS led other gainers with 10% growth each in prices to close at N6.05, N4.50, and N3.30 from the previous N5.50, N4.50 and N3.00 per share.

CWG, THOMASWY, and ABC TRANSPORT led other price decliners with 6.04%, 5.26%, and 4.07% decline each in share prices to close at N7.00, N1.80, and N1.18 from the previous N7.45, N1.90 and N1.23 per share

On the volume index, CHAMS led trading with 58 million shares in 455 deals followed by VERITASKAP which traded 55 million shares in 334 deals.

ABBEYBDS traded 50 million shares in 13 deals.

On the value index, FBNH traded stocks worth N492 million in 277 deals followed by ACCESS CORP which traded equities worth N475 million in 470 deals.

OANDO traded shares valued at N472 million in 481 deals.

By: Babajide Okeowo

Join the conversation

Opinions

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.

Donate Now