Lagos, Nigeria: The Nigerian Exchange Ltd. (NGX) extended its winning streak for the 11th consecutive session, adding ₦497 billion to investor wealth and pushing market capitalisation to an all-time high of ₦93.295 trillion.
This is sustaining the bullish performance for 11 consecutive sessions.
The All-Share Index also gained 0.54 per cent or 793.70 points to close at 146,988.04 points, against 146,204.34 points posted on Thursday.
Gains in Dangote Cement, Nem Insurance, Jaiz Bank, FTN Cocoa Processors and 21 other stocks drove the market to positive terrain.
Meanwhile, the market breadth closed flat with 25 gainers and 25 losers on the floor of the Exchange.
On the gainers’ chart, Dangote Cement led by 6.48 per cent, settling at N575, FG202031S1 followed by 6.18 per cent, ending the session at N109.44, while Nem Insurance increased by 5.23 per cent, closing at N29.15 per share.
Jaiz Bank increased by 4.65 per cent, finishing at N4.50, and FTN Cocoa Processors soared by 3.57 per cent, closing at N5.80 per share.
Conversely, Union Home Real Estate led the losers’ chart by 9.98 per cent, ending the session at N51.85, while Meyer lost by 9.85 per cent, settling at N15.10 per share.
Sterling Nigeria dropped by 9.58 per cent, finishing at N7.55, and Cornerstone Insurance dipped by 6.90 per cent, to close at N6.21 per share.
Also, Etranzact International fell by 6.25 per cent, closing at N15 per share.
An assessment of the market activity revealed an improvement in the market volume and a decline in the deals and value, as 386.6 million shares worth N11.26 billion were exchanged across 21,842 transactions.
This is compared to 346.99 million shares worth N27.43 billion that were traded in 24,691 deals.
Meanwhile, Fidelity Bank led the activity chart in volume for the second time in the week, with 47.3 million shares valued at N959.3 million.
CHAMS followed with 38.5 million shares worth N169.8 million, and Japaul Gold sold 21.8 million shares valued at N56 million.Zenith Bank traded 18.2 million shares worth N1.26 billion, while FCMB transacted 18.1 million shares valued at N195.2 million.
