Nigeria equities market consolidates gains as benchmark index firms by 0.64%

Equities trading on the floor of the Nigerian Stock Exchange (NSE) maintained its gaining streak for the second day running Friday to end the week bullish.

On back of the day’s positive trade, the bourse All-Share Index (ASI) appreciated by 0.64 percent to close at 38,923.26 points compared to 1.28 percent achieved in the previous trading session.

Similarly, market capitalization of listed equities on the main board rose by 0.64 percent to close at N13.851 trillion as against N13.589 trillion previously.

However, market turnover ended negative as volume of traded shared declined by 8.70 percent in contrast to as 39.95 percent recorded in the previous session.

Despite the lower volume of shares traded, Transnational Corporation of Nigeria (Transcorp), Diamond Bank Plc. and First City Monument Bank Plc (FCMB) were the most active stocks in terms volume sold and thus boosted market turnover.

Market breadth closed positive as Sterling Bank Plc led 39 price gainers as against 9 price losers topped by NASCON.