NGX: Equities market reverse negative sentiment 

By Chiamaka Okechukwu 

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At the close of business on Friday, equities trading on the floor of the Nigeria Exchange Group Limited, (NGX) rebounded by 1.7 percent on its benchmark index.

 

The All-Share Index appreciated by 876.11 basis points representing a 1.7 percent to close at 52, 215.12 from 51, 339.01 recorded on Thursday.

 

The latest win by the bull ended the five day of losses and bear dominated sessions which persisted in the market since last week.

 

Read More:NGX: Stocks trading resumes bearish

 

Investors gained additional N472.4 billion on market capitalisation to close at N28,157 trillion compared to the N27,685 trillion of the previous day.

 

At the end of the trading session, a total volume of 190.09 million units of shares exchanged hands in 3,893 deals.

 

The day’s session ended with 20 gainers and 22 losers.

 

Wema Bank Plc and Airtel Africa led the gainers table with 10% gain to close at N3.74k and N1,905.40k per share respectively. UPDC followed with an 8.62% gain on its share price to close at N1.26k.

 

On the other hand, FIDSON and NNFM led the losers’ chart with a 9.95% loss to close at N9.41k and N8.60k per share respectively. Linkage Assurance lost 8.63% to close at N0.53k per share.