The equities market bounced back from its bearish trend on Friday, ending the week on a bullish note as investors raked in N3.24 trillion in gains.
Accordingly, the All-Share Index (ASI) advanced by 5,041.22 points, or 2.10 percent, to settle at 244,775.83, up from 239,734.61 posted in the previous trading session.
Consequently, the year-to-date return rose to 57.30 percent, while market breadth closed positive as well, recording 45 gainers against 31 losers.
On the gainers chart, Dangote Cement, Cadbury, Mecure, Neimeth, and Livingtrust Mortgage led by 10 percent each, settling at N1,088, N72.60, N72.60, N9.90, and N3.52 per share, respectively.
On the flip side, UACN and Industrial and Medical Gases led the losers’ chart by 10 percent each, finishing at N171 and N42.30 per share, respectively.
In the same vein, Eterna fell by 9.93 percent, closing at N33.55; Learn Africa dipped by 9.89 percent, ending the session at N8.20; and Deap Capital Management shed 9.69 percent, settling at N5.50 per share.
Further analysis showed that market activity declined for the day, as total volume traded fell by 36.89 percent to 1.16 billion shares valued at N59.80 billion in 72,733 deals.
Access Corporation emerged as the most traded stock by volume, with 104.43 million shares exchanged, accounting for 9.04 percent of the day’s total volume.
MTN Nigeria led in value terms with transactions worth N7.39 billion, representing 12.35 percent of the total value traded.
