Investors see N405bn boost as equities market ends week higher
The equities market finished the week on a positive note, delivering a N405 billion gain for investors. Price increases in companies like Abbey Mortgage Bank, Royal Exchange, Nigerian Breweries, John Holt, and Daar Communications contributed to the market’s upward momentum. Market capitalisation and the All-Share Index both saw notable increases, while trading activity surged significantly. However, more stocks ended in the red than in the green by the close of the week.
TLDR
- Investors gained N405 billion as the equities market closed the week strongly.
- Market capitalisation rose to N159.558 trillion, a 0.25 per cent increase.
- The All-Share Index climbed by 604.22 points to 246,992.44.
- Fortis Global Insurance led trading volume with 1.45 billion shares, while Seplat Energy topped transaction value at N32.24 billion.
- Despite the gains, there were 31 losers compared to 26 gainers in the session.
