Lagos: The Nigerian Exchange Ltd. (NGX) closed the week bullish on Friday, adding N1.105 trillion in market gains to investors’ portfolios.
Strong demand for Nigerian Aviation Handling Company, Deep Capital Management, Omatek Ventures, Zichis Agro Allied Industries, Austinlaz, and 55 others propelled the market’s advance.
Specifically, market capitalisation opened at N109.129 trillion and rose by N1.105 trillion, or 1.01 per cent, to close at N110.234 trillion.
The All-Share Index advanced 1.01% to 171,727.49, up 1,722.13 points from Thursday.
This led the Year-to-date return to 10.36 per cent.
Also, the market breadth closed positive with 60 gainers and 19 losers.
Nigerian Aviation Handling Company, Deap Capital Management and Omatek Ventures led the gainers’ chart, rising by 10 per cent each, finishing at N136.40, N6.82 and N2.64 per share, respectively.
Zichis Agro Allied Industries and Austinlaz grew by 9.98 per cent each, closing at N6.72 and N5.40 per share, respectively.
Conversely, the Initiates led the losers’ chart by 9.74 per cent, settling at N19.45; Daar Communications trailed by 7.32 per cent, closing at N1.90.
The United Capital shed by 6.55 per cent, finishing at N18.55 per share.
Also, WAPIC Insurance dipped by 5.71 per cent, ending the session at N3.30, and First Holding Company lost by 5.53 per cent, closing at N47 per share.
A total of 953.8 million shares, valued at N43.1 billion, were exchanged in 51,005 deals, compared with 712.9 million shares valued at N22.3 billion traded across 46,104 transactions.
This showed a 34 per cent increase in volume, a 94 per cent increase in turnover, and an 11 per cent improvement in deals.
Fidelity Bank recorded the highest volume with 92.39 million shares traded, accounting for 9.69 per cent of the day’s total volume.
Presco recorded the highest value traded at N11.27 billion, accounting for 26.15 per cent of the day’s total.
