NASCON, Ikeja Hotel Top Gainers As Market Rebounds

Trading on the Nigerian stock exchange ended with bullish sentiments on Friday, pumping investors' wealth by N164 billion.

The All-Share Index advanced by 313.45 points, or 0.83 percent to close at 38,212.01. Consequently, market capitalisation rose by N164 billion to close at N19.919 trillion.

NASCON Allied Industries Plc topped the gainers’ chart in percentage terms with 9.76 percent to close at N15.75 per share.

Ikeja Hotels came second with 9.59 percent to close at N1.60, while Berger Paints increased by 9.52 percent to close at N9.20 per share.

Academy Press rose by 9.38 percent to close at 35kobo, while Tripple Gee garnered 9.09 percent to close at 84kobo per share.

On the other hand, University Press Plc dominated the laggards’ table in percentage terms by 8.98 percent to close at N1.52 per share.

Linkage Assurance lost 7.61 percent to close at 85kobo, while FCMB Group dipped 7.46 percent to close at N3.10 per share.

The banking stocks drove the activity chart with Wema Bank emerging the most active, accounting for 36.07 million shares worth N24.64 million.

Courteville trailed with 20.80 million shares worth N4.29 million, while Fidelity Bank sold 19.11 million shares valued at N44.39 million.

Access Bank accounted for 18.36 million shares worth N157.05 million, while Zenith Bank traded 17.91 million shares valued at N429.49 million.

In all, investors bought and sold a total of 209.19 million shares worth N2.01 billion in 3,240 deals, representing an increase of 1.82 percent.