Equities clawed back ground on Friday after a bearish stretch, closing the week higher as investors booked gains totaling N3.24 trillion. The rebound lifted the All-Share Index (ASI) by 5,041.22 points, a rise of 2.10 percent, to 244,775.83 from 239,734.61 in the prior session.
The improvement also pushed the year-to-date return to 57.30 percent. Market breadth finished in positive territory, with 45 advancing stocks compared with 31 declining counters.
Key movers and trading activity
- Investors gained N3.24 trillion on the day.
- ASI rose 5,041.22 points (2.10%) to close at 244,775.83.
- Year-to-date return increased to 57.30%.
- Market breadth: 45 gainers, 31 losers.
- Top volume: Access Corporation with 104.43 million shares (9.04% of total volume).
- Top value: MTN Nigeria with N7.39 billion (12.35% of total value traded).
Among the session’s strongest performers, Dangote Cement, Cadbury, Mecure, Neimeth, and Livingtrust Mortgage each gained 10%, closing at N1,088, N72.60, N72.60, N9.90, and N3.52 per share, respectively. On the downside, UACN and Industrial and Medical Gases were the leading decliners, both slipping by 10% to finish at N171 and N42.30 per share.
Other notable losers included Eterna, which fell 9.93% to close at N33.55; Learn Africa, down 9.89% to end at N8.20; and Deap Capital Management, which shed 9.69% to settle at N5.50 per share.
Trading activity softened during the session. Total volume declined by 36.89% to 1.16 billion shares, with value traded dropping to N59.80 billion across 72,733 deals.
In volume terms, Access Corporation topped the list with 104.43 million shares traded, making up 9.04% of the day’s total. By value, MTN Nigeria led with transactions worth N7.39 billion, accounting for 12.35% of the overall value traded.
