NGX: Investors End Week On Positive Note With N464bn Profit As Equities Market Rebounds

The trading week on the floor of the Nigerian Xchange (NGX) closed in the green on Friday (23/02/2024) as investors made a profit of N464bn at the close of trading.

It was a week of mixed trading results as the market gained on two occasions but lost pon three.

This is even as the market capitalization increased by N464.47 billion to N55.861 trillion from N55.397 trillion posted by the bourse on Thursday.

Similarly, the All-Share Index (ASI) increased to 102,088.07 from 101,239.10 recorded the previous day.

The market breadth also closed positive as 22 stocks advanced,19 stocks declined, while 76 stocks remained unchanged 7,714 deals.

Juli Plc led other gainers with 9.86% growth each to close at N2.34 from its previous price of N2.13. Daar Communications, PZ Cussons, and Veritas Kapital Assurance Plc are amongst other gainers that also grew their share prices by 9.72%, 7.72%, and 7.04% respectively.

READ ALSO: NGX: Investors Make N345bn Profit As Equities Market Reverses 4-Days Losing Streak

On the losers’ index, Morison Industries Plc led other price decliners as it shed 9.73% off its share price to close at N1.67 from its previous closing price of N1.85. Livestock Feeds, Omatek Ventures, and Guinea Insurance Plc are amongst other losers that also shed their share prices by 9.70%, 9.09%, and 9.09% respectively.

On the volume index, Guaranty Trust Holding (GTCO) Plc traded 53.044 million units of its shares in 395 deals, valued at N2.097 billion followed by Veritas Kapital Assurance Plc which traded 25.809 million units of its shares in 91 deals, valued at N18.84 million and Zenith Bank Plc which traded 20.720 million units of its shares in 529 deals, valued at N739.151 million.

GTCO also recorded the highest value for the day trading equities worth N2.096b in 395 deals followed by ZENITHBANK which traded stocks worth N739m in 529 deals and FBNH which traded equities worth N585m in 287 deals.