The Nigerian stock market ended trading on Friday with a massive N1.857 trillion increase in investors’ wealth, marking its 14th consecutive session of gains.
Market capitalization rose by 1.29 percent to close at N145.334 trillion, up from N143.477 trillion recorded in the previous session.
In the same vein, the All-Share Index advanced by 2,884.81 points, also representing a 1.29 percent increase, to settle at 225,722.49 compared to Thursday’s 222,837.68.
The sustained upward trend further boosted the market’s year-to-date performance, while market breadth remained positive with 43 gainers outpacing 26 losers.
On the gainers’ chart, Academy Press and UPDC topped the list with a 10 percent increase each, closing at N7.70 and N4.40 per share, respectively. Other notable advancers included Haldane McCall, Zichis Agro Allied Industries, and Wema Bank.
Conversely, Meyer led the losers with a 9.92 percent decline to close at N16.80 per share. It was followed by Trans-Nationwide Express, C&I Leasing, Omatek Ventures, and E-Tranzact.
Trading activity showed mixed performance, with total volume declining by six per cent, while the number of deals rose by four per cent and the value of transactions increased by 17 per cent.
Market details showed that a total of 627.6 million shares worth N44.5 billion were exchanged in 55,232 deals, compared to 667.9 million shares valued at N38.12 billion traded in 53,062 transactions in the previous session.
Access Corporation recorded the highest volume of traded shares, with 75.62 million units, accounting for 12.05 percent of the day’s total volume.
Meanwhile, MTN Nigeria led in value terms with transactions worth N8.20 billion, representing 18.42 percent of the total value traded.