Business and Economy

Nigerian stock market gain 0.15% on Friday to close at 52,187.97 basis points

The Nigerian stock market benchmark index gained 0.15% on Friday to close at 52,187.93 points. The year-to-date (YTD) return decreased to 1.83%, while the market capitalization fell N14.53 billion to conclude at N28.42 trillion.

Investor enthusiasm in ZENITHBANK (+4.00%), GTCO (+1.53%), and SEPLAT (+1.20%) boosted the market’s performance. AIRTELAFRI (-6.00% w/w), STANBIC (-0.27% w/w), and WAPCO (-0.81% w/w) were the primary contributors to the week’s loss, outweighing gains in ZENITHBANK (+8.33% w/w), GEREGU (+4.92% w/w), and GTCO (+9.69% w/w).

Trade turnover saw with the value of transactions increasing by 59.21%. In a total, 810.77 million shares worth N8.20 billion were traded in 5,313 transactions. FIDELITYBK (-0.90%) lead the volume and value charts, trading 269.72m units in transactions worth N1.48 billion. On the laggard’s table, FTNCOCOA (+10.00%) led twenty-three (23) others, while ARDOVA (-9.84%) led ten (10) others.

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