The Nigerian Exchange Ltd. on Friday recorded ₦138 billion growth following continued investors’ buy interest in stocks of Tier-one banks.
Specifically, the market capitalisation, which opened at ₦55.900 trillion, rose by ₦138 billion or 0.25 per cent to close at ₦56.038 trillion.
Also, the All-Share Index rose by 315.41 points or 0.25 per cent to close at 102,104.88 from 102,149.93 on Thursday.
Consequently, the Year-To-Date (YTD) return rose to 36.95 per cent.
Stocks of Tier-one banks namely; Zenith Bank, Guaranty Trust Holding Company(GTCO) and United Bank of Africa (UBA) kept the market in a positive terrain.
The market breadth closed positive with 44 stocks on the gainers’ chart and 13 losers’
Japaul Gold Group led the gainers’ table growing by 10 per cent to close at ₦3.08 per share.
PZ Cussons followed 9.92 per cent to close at ₦36, while Royal Exchange Assurance rose by 9.86 per cent to close at 78k per share.
Honeywell Flour Mills gained by 9.84 per cent to close at ₦4.91, while Sunu Assurances added by 9.75 per cent to close at ₦2.25 per share.
Conversely, The Initiative Plc (TIP) led the losers’ table by 6.88 per cent to close at ₦2.30 per share.
Jaiz Bank trailed by 6.39 per cent to close at ₦2.93 per share.
Tantalizer lost six per cent to close at 47k, while Daar Communications shed 4.26 per cent to close at 90k per share.
International Breweries decreased by 3.99 per cent to close at ₦5.30 per share.
Analysis of the market activities showed that trade turnover settled lower relative to the previous session, with the value of transactions down by 14.09 per cent.
Meanwhile, investors exchanged 519.39 million shares valued at ₦8.85 billion in 11,301 deals.
Japaul Gold Group was the most active stock, trading 59.17 million shares valued at ₦181.19 million.
United Bank of Africa(UBA) followed with 48.69 million shares worth ₦1.48 billion, while Universal Insurance came third with 39.88 million shares valued at ₦18.49 million.
GTCO sold 24.65 million shares valued at ₦1.08 billion and United Capital Plc sold 22.31 million units of shares worth ₦498.52 million.