The Nigerian equities market extended its bullish run on Friday, recording a significant N1.857 trillion gain in investors’ wealth and marking its 14th consecutive session of positive performance.
Data from the Nigerian Exchange Limited showed that market capitalisation rose by 1.29 percent to close at N145.334 trillion, compared to N143.477 trillion recorded in the previous trading session.
Similarly, the All-Share Index advanced by 2,884.81 points, representing a 1.29 percent increase, to settle at 225,722.49, up from 222,837.68 on Thursday.
The sustained upward momentum continues to strengthen the market’s year-to-date performance, with positive sentiment reflected in market breadth as 43 stocks recorded gains against 26 decliners.
On the gainers’ chart, Academy Press and UPDC led with a 10 percent increase each, closing at N7.70 and N4.40 per share, respectively. Other notable gainers included Haldane McCall, Zichis Agro Allied Industries, and Wema Bank.
On the losers’ side, Meyer posted the highest decline, shedding 9.92 percent to close at N16.80 per share. It was followed by Trans-Nationwide Express, C&I Leasing, Omatek Ventures, and E-Tranzact.
Trading activity presented a mixed picture. While total traded volume declined by about six percent, the number of deals rose by four percent, and the overall value of transactions increased by 17 percent.
A total of 627.6 million shares valued at N44.5 billion were exchanged in 55,232 deals, compared to 667.9 million shares worth N38.12 billion traded in 53,062 deals in the previous session.
In terms of activity, Access Corporation recorded the highest trading volume with 75.62 million shares, accounting for over 12 percent of total volume.
Meanwhile, MTN Nigeria led in value, with transactions worth N8.20 billion, representing more than 18 percent of the day’s total trade value.
