Bamidele Famoofo
Equity investors on Friday splashed N1.3 billion on the shares of Access Corporation as the stock emerged as the most traded equity both in volume and value.
The local stock market experienced bullish momentum as the All-Share Index (ASI) rose by 0.13 percent, closing at 97,606.63 points.
This positive trend was mirrored in the market capitalisation, which also increased by 0.13 percent to reach N56.09 trillion, resulting in a N74.4 billion gain in investors’ portfolios.
Consequently, the year-to-date (YTD) return surged to 30.54 percent . Sectoral performance was mixed, with the banking and industrial sectors advancing by 1.06 percent and 0.01 percent, respectively.
In contrast, the insurance and consumer goods sectors recorded declines of 0.05 percent and 0.18 percent, while the oil and gas sector remained unchanged at 0 percent.
The session concluded with 31 stocks gaining and 19 declining. Leading the top gainers were STERLINGNG (9.45%), CONHALLPLC (9.45%), MECURE (9.19%),REGALINS (9.09%), and FIDSON (8.24%). On the flip side, DEAPCAP, NEM, DAARCOM, TANTALIZER, and DANGSUGAR were among the day’s least-performing stocks.
While the number of traded deals decreased by 1.99 percent to 6,950, trading volume and value rose by 9.61 percent and 20.33 percent, reaching 304.43 million shares valued at N5.6 billion.
