The Nigerian Exchange Limited continued its bullish run as the All-Share Index appreciated by 2.11 per cent, gaining 1,644.12 points to close at 79,664.66 points.
DAILY POST reports that commercial banks were the major drivers of Friday’s bullish run as stocks record gains.
Equities also gained N900 billion as the NGX’s market cap closed at N43.594 trillion, up from N42.694 trillion recorded on Thursday.
There was a slight 9.3 per cent decline in traded volume to 892.68 million units from Thursday’s 984.19 million units. However, regarding value, there was a 28.4% appreciation in traded value to N14.33 billion from Thursday’s N11.16 billion.
Accordingly, top gainers are NAHCO, +10.00 per cent to close at N28.60, UPDC, +10.00 per cent to close at N1.65, TRANSCORP, +9.99 per cent to close at N12.66, WEMABANK: +9.99 per cent to close at N7.38, TRANSCOHOT, +9.92 per cent to close at N84.85 and INFINITY, +9.92 per cent to close at N7.98.
Conversely, top losers are MULTIVERSE, -9.99 per cent to close at N18.20, SCOA, -9.94 per cent to close at N1.63, UPDCREIT, -9.93 per cent to close at N6.80, CHAMPION, -8.50 per cent to close at N3.66, WAPIC, -7.69 per cent to close at N0.72, GUINNESS: -7.58 per cent to close at N61.00.
Regarding top traded stocks, in terms of volume, FIDELITYBK (+6.37 per cent) led with 92.67 million units, followed by TRANSCORP (+9.99 per cent) with 75.43 million units, STERLINGNG (+9.90 per cent) with 71.55 million units, FCMB (+9.55 per cent) with 56.85 million units, and UBA (+3.39 per cent) with 45.98 million units.
In terms of value, NESTLE (+8.73 per cent) led with N1.67 billion, followed by UBA (+3.39 per cent) with N1.32 billion, FIDELITYBK (+6.37 per cent) with N1.31 billion, GTCO (+1.19 per cent) with N1.30 billion, and TRANSCORP (+9.99 per cent) with N954.95 million.
For stocks worth over N1 trillion, trading was positive, as MTNN (+4.97 per cent), DANGCEM (+1.59 per cent), ZENITHBANK (+2.44 per cent), and GTCO (+1.19 per cent) recorded price gains. Meanwhile, BUAFOODS, BUACEMENT, AIRTELAFRI, and SEPLAT recorded no price changes.
On the part of tier-1 banks, trading was also impressive all-round, as FBNH (+6.40 per cent), UBA (+3.39 per cent), GTCO (+1.19 per cent), ACCESSCORP (+5.60 per cent), and ZENITHBANK (+2.44 per cent) all recorded price gains.