Investors Gain N147bn In One Week At The Nigerian Stock Market

The week ended positively in the Nigerian stock markets, as the All-Share Index gained 0.75% week-on-week, raising market capitalization by N147.57 billion.

The All-Share Index inched up 0.25 percent on Friday to 39481.89 index points after the markets closed with 4,107 deals valued at N2.92 billion. The Nigerian stock market is now worth N20.58 trillion, with year-to-date returns standing at 1.96 percent.

However, market turnover dropped by 25.98 percent, a much larger deficit compared to the previous session's 8.51 percent downtick. Zenith Bank Plc, Access Bank Plc, and Fidelity Bank Plc were the most active to boost market turnover. Zenith Bank and GT Bank Plc topped the market value list.

Top 5 Gainers

Eterna Plc led 18 gainers on Friday, as the oil and gas giant broke out with a gain of 10 percent, or 60kobo, to close trading at N6.60 per share.

Regency Assurance Plc pared losses from its previous session with a 9.68 percent gain, worth 3kobo, to close trading at 34kobo per share.

N.E.M. Insurance Plc continued its winning streak with a 9.47 percent gain worth 18kobo, to close trading at a new one-month high of N2.08 per share.

Consolidated Hallmark Insurance Plc continued its impressive rally with an 8.89 percent gain, worth 4kobo to close the week at 49kobo per share.

Associated Bus Company Plc continued its impressive run for the month, gaining 8.82 percent, or 3kobo to close for the week at 37kobo per share.

Top 5 Decliners

Academy Press Plc led 16 losers on Friday, ending an extended flat trading period with a 10 percent decline worth 4kobo, to end the week at 36kobo per share.

Linkage Assurance Plc dipped 8 percent, or 6kobo from its newly reached 52-week high of 75kobo to close trading for the week at 69kobo per share.

Japaul Gold & Ventures Plc lost 6.78 percent, or 4kobo of its market value, to close trading at 55kobo per share.

Courteville Business Solutions Plc gave away its gains from the previous session, losing 4.76 percent, or 1kobo, to close trading at 20kobo per share.