Tales by Seun Ibiyemi
The Nigerian stock market concluded the trading week on a downward trajectory on Friday, as key performance metrics fell by 0.46 per cent.
Market capitalisation at the Nigerian Replace Ltd. (NGX) dropped by N313 billion, declining to N68.339 trillion from Thursday’s decide of N68.652 trillion.
In an identical style, the All-Part Index (ASI) slipped by 498.56 functions, representing a 0.46 per cent drop, to shut at 108,733.40 from the outdated session’s 109,231.96.
This reversal got right here after 5 consecutive days of gains and used to be largely driven by profit-taking activities in heavyweight shares.
No topic the downturn, the final market breadth remained obvious, with 34 shares recording gains whereas 33 closed within the red.
Among the many head gainers, ABC Transport recorded a 10 per cent amplify, closing at N2.86 per piece. Sterling Nigeria also liked by 10 per cent to N6.05 per piece. Chellaram noticed a 9.94 per cent upward push to attain at N10.40, whereas Academy won 9.92 per cent, ending the day at N4.32. Pink Smartly-known particular person Advise superior by 9.90 per cent, closing at N5.55.
Conversely, Transcorp Vitality Plc led the losers’ chart with a 9.98 per cent drop to N328.50. Haldane McCall followed with a 9.57 per cent decline to N4.25. Meyer Plc fell by 9.09 per cent to N8.00, Regalins dropped 6.78 per cent to 55k, and Sunu Assurance slid by 6.73 per cent to shut at N4.ninety 9.
Complete volume traded for the day stood at 459.21 million shares, exchanged in 15,723 gives, with a market rate of N11.164 billion.
This mirrored a dip in every volume and rate when put next with the day before this present day’s 554.07 million shares price N14.35 billion traded across 16,704 gives.
Tantalizer led the amount chart, trading 101.38 million shares valued at N237.33 million. Warranty Have confidence Preserving Firm followed with 51.28 million shares price N3.54 billion. Receive entry to Corporation exchanged 45.17 million shares at a rate of N975.27 million. Zenith Financial institution moved 21.seventy 9 million shares valued at N1.06 billion, whereas Sterling Nigeria traded 15.50 million shares price N91.76 million
