NGX Equities Market closes week with N17bn gain

Toyin Ajadi

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Trading activities on the Nigerian Exchange (NGX) equities market bounced back from the negative territory on Friday to end the week with gains as the market capitalization rose by N17 billion to close at N20,290 trillion.

 

The All-Share Index also appreciated by 0.08% or 32.56 points to close at 38,943.87 points compared to 38,911.31 points on Thursday.

 

At the close of trading on Friday, the market recorded 18 gainers and 10 losers as investors traded 155.09 million shares valued at N1.95 billion in 2,906 deals.

 

Consolidated Hallmark Insurance was top on the gainers’ chart, closing at N0.52k after it appreciated by N0.04k, followed by Regency Alliance Insurance Company which appreciated by N0.03k to close at N0.45k. Prestige Assurance Company gained N0.03k to close at N0.47k.

 

On the other hand, Ikeja Hotel came out last after it lost N0.08k to close at N1.14k. It was followed by Okomu Oil Palm, which lost N6.00 to close at N104.00k and Unity Bank, which lost N0.22k to close at N0.55k.

 

Universal Insurance Company dominated trading on Friday to record the highest volume of 19.1 million traded shares, while United Bank for Africa came next with 11.1 million traded shares.

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