The Nigerian Exchange Limited (NGX) appreciated 0.47 percent on Friday to break the recent trend of losses as investors pocketed N262 billion.
The market index or All-Share Index (ASI) rose by 456.12 basis points on Friday’s trading session, reflecting a 0.47 percent increase to close at 97,520.54.
Buying appetite in some medium and large-cap stocks, including Seplat, Julius Berger, Guinness, and others spurred the positive outcome.
However, market activities were mixed as the total volume traded was up by 19.5% while the total value traded dropped by 10.9%.
The daily trading data showed that approximately 320.70 million units valued at N6,021.56 million were transacted across 8,763 deals.
Tier-1 bank, UBA was the most traded stock in terms of volume, accounting for 11.5% of the total volume of traded transacted in the market.
Other volume drivers include Sterling Bank (7.35%), Ellah Lakes (7.27%), Wapco (5.20%), and Regalins (4.99%) to complete the top 5 on the volume chart.
UBA emerged as the most traded stock in value terms, with 16.5% of the total value of trades on the exchange.
Based on the trading directions, the market breadth closed positive, recording 34 gainers and 21 losers.
Seplat topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by ABC Transport, up by 9.82%.
Other gainers include Livestock (+9.70%), Caverton (+9.62%), FTN Cocoa (+9.29%), Ellah Lakes (+8.43%) and twenty-eight others.
Twenty-one (21) stocks depreciated, according to stockbrokers. Eterna was the top loser, with a price depreciation of -10.00%.
Other decliners include PZ (-9.49%), Dangote Sugar (-5.85%), Fidelity Bank (-4.76%), Nascon (-2.91%), and Oando (-1.95%).
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