Stock market closes bullish as NASCON tops gainers chart

By Cynthia Ezekwe 

The Nigerian Exchange (NGX) closed the week on a positive ground as  market capitalisation of equities  appreciated by N82 billion to close at N28.844 trillion.

The All-Share Index (ASI) increased by  0.29 per cent  to close at 52,973.88 index points as against 52,821.64 index points recorded in the previous day’s trading session.

A total of 461.78 million units of shares were exchanged in  6,520 deals, valued at  N7.67 billion.

At the end of trading activities on Friday, UBA Plc was the most traded equity by volume, while ZENITHBANK was the most traded equity by value.

The market breadth closed positive as NASCON Plc  led the gainers table with a 10.00 per cent increase, while SOVRENINS (-7.69%) topped the losers table with a decline of   7.69 per cent.

NASCON led the gainers table as it  gained 10.00 per cent  to close at N15.40 per share; CONOIL appreciated  9.98 per cent  to close at N47.95 per share; NEM increased by  9.95 per cent  to close at N4.75 per share; FTNCOCOA gained 9.68 per cent  to close at N0.68 per share; while NCR increased by  9.68 per cent  to close at N3.06 per share.

On the contrary, SOVRENINS topped the losers table as it lost 7.69 per cent  its share prices  to close at N0.36 per share; MBENEFIT was down by 5.56 per cent  to close at N0.34 per share; NGXGROUP depreciated by  4.04 per cent  to close at N27.35 per share; ROYALEX was down 4.00 per cent  to close at N0.48 per share; while TANTALIZER shed 3.85 per cent  to close at N0.25 per share.