Transactions on the Nigerian Exchange ended on the positive for the first time in two weeks on Friday as the markets gained N111 billion.
The All-share index, which tracks the general market movement climbed 212.41 points, or 0.56% to end the week at 38256.95 basis points.
The rebound, however, was not enough to cover all losses as the markets ended the week with a N34.97 billion loss, bringing market capitalization to N19.94 trillion.
Analysis of market data showed a 7 percent improvement in volume, 175 percent improvement in turnover despite a 7 percent decline in deals.
Market breadth also improved significantly at the end of Friday's trading with 31 gainers against 14 losers.
Friday's top gainer was Ikeja Hotel, which led with a 10 percent upsurge, closing at N1.10 per share, followed by Royal Exchange (+9.46%), Neimeth International Pharma (+9.3%), Japaul Gold and Ventures (+9.26%), and Mutual Benefits Assurance (+9.09%). On the losing side, Academy Press came out last with an end-of-day price depreciation of 8.33 percent at 33kobo per share, followed by Lasaco Assurance (-7.69%), John Holt (-7.35%), and Presco (-3.8%).
Guaranty Trust Bank recorded the highest volume of 46.3 million traded shares, followed by Zenith Bank (20.24 million), Transnational Corp. of Nigeria (20.16 million), and Fidelity Bank (17.54 million).
|UNITY BANK PLC||0.99||1.17||18.18|
|CAPITAL HOTEL PLC||2.50||2.75||10.00|
|DANGOTE SUGAR REFINERY PLC||52.00||57.20||10.00|
|NIGERIAN AVIATION HANDLING COMPANY PLC||21.50||23.65||10.00|
|NASCON ALLIED INDUSTRIES PLC||47.00||51.70||10.00|
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