Business Headline National News Nigeria

Equities market gains N193bn

The Nation’s equities market closed the week with a bullish trend, gaining N193 billion at N27.899 trillion as against N27.706 trillion on Thursday.

The All-Share Index rises by 353.82 points to close at 51,222.34 compared with 50, 868.52 it was on Thursday.

The year-to-date (YTD) return rose to 0.06 per cent

A total of 195.74 million shares valued at N7.45 billion were exchanged in 3,650 deals.

Nigeria Police Force Microfinance led the gainers’ chart in percentage terms by 9.55 per cent to close at N1.72, per share.

This was followed by Neimeth International Phama with 8.49 per cent to close at N1.55, while Eterna rose 5.77 per cent to close at N7.20 per share.

NGX Group appreciated by 5.39 per cent to close at N25.40, while RT Wapic Assurance garnered 4.88 per cent to close at 43k per share.

The market’s performance was largely driven by some stocks, which included Access Holdings, FBN Holdings, United Bank for Africa (UBA), Zenith Bank BUA Cement, and Transcorp Nigeria.

Market breadth closed negative as 16 stocks advanced, as against 18 decliners.

Writing by Julian Osamoto; Editing by Adeniyi Bakare