The bulls maintained their grip on the local bourse at the end of trading activities on the floor of the Nigerian Exchange Limited (NGX) on Friday, closing the trading day with a gain of N14 billion in market capitalisation.
This is just as the All-Share Index appreciated by 25.93 basis points or 0.06 per cent to close at 43,968.75 index points as against 43,942.82 recorded in Thursday, while market capitalisation of equities grew by N14 billion from N23.934 trillion the previous day to N23.948 trillion as market sentiment sustained positive territory.
The exchange recorded 16 gainers led by Cornerstone Insurance Plc against 7 losers led by Flour Mills of Nigeria Plc to close the market breadth positive.
In terms of value of shares exchanged, a turnover of 209.7 million shares exchanged in 2,942 deals was recorded in the day’s trading.
The premium sub-sector was the most active (measured by turnover volume); with 99.29 million shares exchanged by investors in 824 deals, volume in the sub-sector was largely driven by activities in the shares of Access Bank Plc and UBA Plc.
Activities in the shares of GTCO Holdings Plc and Unity Bank Bank Plc followed by a turnover of 37.69 million shares in 583 deals, also boosted the banking sub-sector.
