Investors Gain N29BN as Nigeria Stock Index Advances by 0.1%

Nigerian Equities Market closed positive on Friday as the key market indicator advanced by 53.38 bps amid positive market breadth.

The NGX All-Share Index declined by 0.10% to close at 52,214.62 basis points as against the 0.09% loss recorded previously to close at 52,161.24 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N29.07bn gain.

YTD, the NGXASI Stands at 1.88%

The total volume traded advanced by 196.94% to close at N1.42bn, valued at N10.98bn and traded in 5,527 deals. FIDELITYBK was the most traded stock by volume and value with N942.77m and N5.52bn units traded.

Sectoral performance was broadly positive as two (2) NGX sector index closed southward, fifteen (15) sector index closed northward and three (3) closed flat. TONI Index advanced by 2.87% to top the gainer’s chart while the NGX-SOVEREIGN BOND Index declined by 4.69% to top the losers’ chart.

The Gote index closed flat at 141.97 basis points while the Toni index advanced by 2.87% to close at 136.38 basis points.

At the close of trading, the market recorded 31 gainers to 14 losers and 72 unchanged. MRS topped the list of gainers while CILEASING topped the list of losers.

Thus, market breadth closed positive as the Market Breadth Index (MBI) is put at 0.24x.

Source: Proshare.co