Equities investors gained about N498 billion on the Nigerian Exchange, NGX, as Transcorp Power, UBA, surged. The local bourse closed the week on a positive note as key performance indicators grew by 0.79%. Stockbrokers said the bullish sentiment was fuelled by strong buying interest in medium- and large-cap stocks, such as GUINNESS, TRANSPOWER, UBA, and others.

The uptick was further driven by the release of full-year financial performance reports from some quoted companies, which attracted increased investor activity. The Nigerian Exchange All-Share Index added 810.26 basis points to close at 103,598.46.

However, market activities were mixed as the total volume traded increased by 46.16% while the total value dropped by 60.57%. In a note, Atlass Portfolios Limited told investors that approximately 576.41 million units valued at ₦8,980.17 million were transacted across 11,546 deals.

In terms of volume, NSLTECH led the activity chart, accounting for 35.11% of the total volume of traded on NGX. Other volume drivers include NB (7.31%), JAPAULGOLD (6.01%), ACCESSCORP (5.58%), and SOVRENINS (2.95%), rounding out the top five.

Other gainers include TRANSPOWER (+7.96%), LASACO (+7.19%), JAPAULGOLD (+6.51%), NGXGROUP (+5.74%), CILEASING (+5.12%), and twenty-six others. Twenty-three stocks depreciated, according to trading details from the Nigerian Exchange. NEIMETH was the top loser, with a price depreciation of -9.88%.

Other decliners include INTENEGINS (-9.74%), PRESTIGE (-8.51%), CONHALLPLC (-3.94%), CADBURY (-3.00%), and LIVESTOCK (- 0.17%). Based on the trading direction, the market breadth closed positive, recording 34 gainers and 23 losers. In addition, the market sectoral performance was positive today.

as three of the five major market sectors were up, led by the banking sector, which grew by (1.97%), followed by the consumer goods sector by (0.70%), and the industrial sector by (0.09%). The industrial sector was down by 2.15%, while the oil & gas sector closed unchanged.

Overall, the equities market capitalisation of the Nigerian Exchange gained N497.83 billion to close at N63.65 trillion on Friday.

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