Investors on the Nigerian Exchange Limited (NGX) gained N3.1 trillion at the close of trading on Friday.
The market capitalisation rose from N153.8 trillion recorded on Thursday to N157 trillion, while the benchmark All-Share Index advanced from 239,734.61 points to 244,670.65 points.
The rally was driven by strong performances from stocks including NEIMETH, CADBURY and LIVINGTRUST, which recorded gains of 10 per cent each.
Neimeth closed at N9.90 per share from N9.00, Cadbury rose to N72.60 from N66.00, while LivingTrust appreciated to N3.52 from N3.20 per share.
Trading activities ended on a positive note with 38 gainers, 34 losers and 76 unchanged equities recorded in 69,996 deals.
A total of 1.06 billion shares valued at N55 billion were exchanged during the trading session.
On the losers’ chart, UACN, IMG and ETERNA posted the highest declines.
UACN dropped by 10 per cent to close at N171.00 per share from N190.00, IMG fell to N42.30 from N47.00, while Eterna declined to N33.55 from N37.25 per share.
In terms of volume, VFDGROUP led trading with 102 million shares exchanged in 330 deals, followed by FCMB with 99 million shares traded in 755 deals.
UBA also recorded strong activity with 94 million shares traded in 3,365 deals.
On the value chart, MTNN emerged as the most traded stock by value with transactions worth N6.8 billion, followed by DANGCEM at N5.9 billion and ZENITHBANK with trades valued at N5.7 billion.
