The domestic equity market on Friday closed in bullish run, appreciating by N151 billion as gains in the shares of MTN Nigeria, Cadbury Nigeria Plc others impacted positively on the trading activities.
The market capitalisation of listed equities appreciated by 0.23 per cent to N66.647 trillion from N66.496 trillion reported the previous day.
The NGX All Share Index increased by 241.72 basis points to 106042.57 points from 105800.85 per unit reported the previous day.
Although the market recorded more decliners during the day , gains recorded in the shares of MTN Nigeria, Presco Plc, Fidelity Bank, Fidson, Cadbury Nigeria Plc, Nahco, Betaglass and others wiped out the losses recorded in the shares of Daar Communications, Vitafoam Nigeria Plc, Eterna among others.
As a result, the year-to-date return increased to 3.03 per cent as 29 companies closed in green against 40 decliners.
An analysis of the trading for the day showed that three companies led gainers table with 10 per cent at the close of trading on Friday.
Cadbury Nigeria Plc, Nahco and TIP gained 10 per cent to close at N31.90, N82.50 and N4.95 per share respectively; Betaglass followed with a gain of 9.96 per cent to close at N109.80 per unit, while Caverton Business Solutions added 9.92 per cent to close at N2.66 per unit
On the contrary Daar Communications topped losers chart, dropping by 10 per cent to close at N0.54 per unit, Vitafoam Nigeria Plc trailed with a loss of 9.94 per cent to close at N47.55 per share, Multiverse down by 9.93 per cent to close at N6.35 per unit, Eterna Plc down by 9.91 per cent to close at N45.00, Ecobank Transnational incorporated gained 9.72 per cent to close at N26.00 per unit.
The volume of trades also went up by 180.337 million, representing 45.89 per cent as investors traded 573.333 million shares valued at N15.254 billion in 18554 deals against 392.996 million shares cost N12.755 billion exchanged hands the previous day in 17519 deals.
Transactions in the shares of Access Holdings Company led market activities with 52.815 million shares valued at N1.157 billion; Chams Plc followed with account of 51.563 million shares valued at N1.088 billion.
United Bank for Africa exchanged 35.984 million shares valued at N1.251 billion; FCMB group traded 34.523 million shares valued at N314.538 million, while GTCO Plc traded 31.867 million shares cost N2.052 billion.