The Nigerian stock market concluded the trading week on a downward trajectory on Friday, as key performance metrics fell by 0.46 per cent.
Market capitalisation at the Nigerian Exchange Ltd. (NGX) dropped by N313 billion, declining to N68.339 trillion from Thursday’s figure of N68.652 trillion.
Similarly, the All-Share Index (ASI) slipped by 498.56 points, representing a 0.46 per cent drop, to close at 108,733.40 from the previous session’s 109,231.96.
This reversal came after five consecutive days of gains and was largely driven by profit-taking activities in heavyweight stocks.
Despite the downturn, the overall market breadth remained positive, with 34 stocks recording gains while 33 closed in the red.
Among the top gainers, ABC Transport recorded a 10 per cent increase, closing at N2.86 per share. Sterling Nigeria also appreciated by 10 per cent to N6.05 per share. Chellaram saw a 9.94 per cent rise to finish at N10.40, while Academy gained 9.92 per cent, ending the day at N4.32. Red Star Express advanced by 9.90 per cent, closing at N5.55.
Conversely, Transcorp Power Plc led the losers’ chart with a 9.98 per cent drop to N328.50. Haldane McCall followed with a 9.57 per cent decline to N4.25. Meyer Plc fell by 9.09 per cent to N8.00, Regalins dropped 6.78 per cent to 55k, and Sunu Assurance slid by 6.73 per cent to close at N4.99.
Total volume traded for the day stood at 459.21 million shares, exchanged in 15,723 deals, with a market value of N11.164 billion.
This reflected a dip in both volume and value compared to the previous day’s 554.07 million shares worth N14.35 billion traded across 16,704 deals.
Tantalizer led the volume chart, trading 101.38 million shares valued at N237.33 million. Guaranty Trust Holding Company followed with 51.28 million shares worth N3.54 billion. Access Corporation exchanged 45.17 million shares at a value of N975.27 million. Zenith Bank moved 21.79 million shares valued at N1.06 billion, while Sterling Nigeria traded 15.50 million shares worth N91.76 million
