The Nigerian Exchange recorded a slight rebound on Friday as gains in selected stocks lifted investors’ portfolios by about N30bn after the market’s previous downturn.
Data from the Nigerian Exchange Limited showed that market capitalisation rose from N106.323tn to N106.353tn at the close of trading, reflecting renewed buying interest in some mid and small capitalised stocks.
Similarly, the All Share Index appreciated by 0.04 per cent or 72.21 points to close at 166,129.50, compared with 166,057.29 recorded on Thursday.
Market breadth closed positive, with 43 stocks advancing while 26 declined during the trading session.
Red Star Express topped the gainers’ chart after appreciating by 10 per cent to close at N13.20 per share. It was followed by NCR Nigeria, which gained 9.97 per cent to settle at N128.55, while SCOA rose by 9.96 per cent to close at N14.90. Omatek Ventures also advanced by 9.94 per cent to N1.77, while Deep Capital Management shed 9.85 per cent to close at N4.46.
On the losers’ table, McNicholas declined by 8.81 per cent to N6.00, Legend Internet fell by 7.56 per cent to N5.50, and Cornerstone Insurance dropped by 6.48 per cent to N6.35. Cileasing and Austinlaz also recorded losses.
Trading activity declined as a total of 539.9 million shares valued at N16.7bn were exchanged in 48,023 deals, compared with 1.03 billion shares worth N31.6bn traded in the previous session.
Zenith Bank emerged as the most traded stock by volume and value, accounting for 54.55 million shares worth N3.79bn.
