NGX closes week on positive note as investors gain N392bn

Investors successful the Nigerian banal marketplace recorded a summation of N392 cardinal connected Friday, arsenic trading connected the Nigerian Exchange (NGX) ended the week connected a affirmative note.

Market capitalization roseate by 0.30 percent to N131.165 trillion, up from N130.773 trillion recorded successful the erstwhile session, reflecting the N392 cardinal increase.

Similarly, the All-Share Index precocious by 608.62 points, oregon 0.30 percent, to adjacent astatine 203,770.43, compared to 203,161.81 posted earlier. Consequently, the year-to-date instrumentality climbed to 30.95 percent.

Despite the wide affirmative performance, marketplace breadth closed negative, with 34 losers outweighing 24 gainers.

On the gainers’ chart, FG202033S6 led with a 36.30 percent summation to adjacent astatine N115.86 per share. Other notable gainers included Trans-Nationwide Express, International Breweries, CHAMS, and Guinness.

On the losers’ side, Omatek Ventures topped the illustration with a 10 percent diminution to adjacent astatine N2.07 per share. It was followed by Austinlaz, Coronation Insurance, Zichis Agro-Allied Industries, and Cornerstone Insurance.

Meanwhile, trading enactment declined, arsenic full measurement traded dropp...