NGX Equities Market Index rebounds by 0.02%

Ekene Okafor, Lagos.

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Trading activities at the Nigerian Exchange Group (NGX) closed in the positive on Friday, the last trading day of the week, with 0.02% gain, that is at 38,810.75 points, being 9.24 points higher than 38,801.51 points recorded at the close of trading on Thursday.


The market capitalization also appreciated by N5 billion to close at N20,221 trillion on Friday as against N20,216 trillion on Thursday.


Friday’s trading saw a total of 167,778,140 shares with market value of N1,663billion traded in 3,267 deals.


TRANSCOHOT led the gainers’ table, having gained N0.35k or 9.80% to close at N3.92k per share. It was followed by REGALINS with N0.03k or 6.67% gain to close at N0.48k, then OANDO which gained N0.19k or 4.13% to close at N4.79k.


On the other hand, JULI led the losers’ list after it lost N0.12k or 9.76%  to close at 1.11k, followed by AFRIPRUD which lost 0.35k or 5.51% to close at 6.00k and CHIPLC, which lost N0.02k or 3.28%  to close at N0.59k.


FBN Holdings was the toast of investors for the day as it had the biggest volumes of 27,279 million shares worth N199,561 million followed by GTCO with 14,383 million shares  valued at N404,036 million.


Two out of the the five sub-sectors indices performance closed flat, another two tracked closely in red.


The Insurance index lost by 0.52%,  while the Banking index fell by 0.05%.

The Oil and Gas index gained by 0.95% while

the Industrial index and the Consumer good closed flat at 0.00%.

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