The Nigerian stock market rebounded on Friday after a one-day downturn, as N30 billion was added to investors’ portfolios.
Gains in Red Star Express, NCR Nigeria, SCOA, Omatek Ventures and Deap Capital Management drove the market into positive terrain.
Specifically, the Nigerian Exchange Ltd, NGX, market capitalisation, which opened at N106.323 trillion, increased by N30 billion to close at N106.353 trillion.
Similarly, the All-Share Index rose by 0.04 per cent, or 72.21 points, to close at 166,129.50 from 166,057.29 reported on Thursday.
Market breadth closed positive with 43 gainers and 26 losers.
Red Star Express led the gainers’ table with a 10 per cent rise to close at N13.20. NCR Nigeria followed with a 9.97 per cent gain, settling at N128.55, while SCOA rose by 9.96 per cent to close at N14.90 per share.
Also read:Stocks rally as investors gain N745bn on bullish open
Omatek Ventures gained 9.94 per cent to close at N1.77, while Deap Capital Management declined by 9.85 per cent to N4.46 per share.
On the losers’ table, Mc Nicholas dropped by 8.81 per cent to close at N6. Legend Internet fell by 7.56 per cent to N5.50, while Cornerstone Insurance shed 6.48 per cent to close at N6.35 per share.
Cileasing declined by 6.29 per cent to N8.20, while Austinlaz decreased by 5.78 per cent to close at N3.75 per share.
Market activity showed a decline in deals, volume and value, with 539.9 million shares worth N16.7 billion traded across 48,023 transactions.
This compared with 1.03 billion shares valued at N31.6 billion exchanged in 51,227 deals on Thursday.
Zenith Bank recorded the highest volume and value, with 54.55 million shares traded at N3.79 billion, accounting for 10.10 per cent of total volume and 22.68 per cent of total value.
NAN
