The Nigerian stock market closed Friday on a mixed note, with investors recording a N184 billion gain despite a slight 0.09% drop in the All-Share Index (ASI).
Data from the Nigerian Exchange Limited showed that market capitalisation rose by 0.17% to N106.153 trillion, up from N105.969 trillion in the previous session. The growth was driven mainly by fresh listings, including Presco’s 166.6 million shares and GTCO’s 125 million shares priced at N80 each.
However, the ASI slipped by 156.91 points to close at 165,370.40, reflecting cautious trading sentiment.
Market breadth remained positive as 34 stocks gained, while 31 declined. Zichis Agro led the gainers with a 9.97% rise, followed by Abbey Mortgage Bank, RT Briscoe, Haldane McCall, and Omatek Ventures.
On the losing side, Learn Africa, Livestock Feeds, and Livingtrust Microfinance Bank topped the decliners with 10% losses each.
Trading activity slowed slightly, with 687.4 million shares worth N14.9 billion exchanged in 41,553 deals. Veritas Kapital led by volume, while Aradel Holdings dominated trade value.
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