Lagos: The equities market turned positive on Friday after a three-day downturn, ending the week with N425 billion gain for investors.
According to News Agency of Nigeria, the gain was driven by renewed buying interest in stocks like Beta Glass, FTN Cocoa Processors, UPDC, Veritas Kapital Assurance, Sovereign Trust Insurance, and 46 others. Market capitalisation rose by N425 billion, or 0.48 percent, to close at N89.208 trillion, compared with N88.783 trillion on Thursday.
Similarly, the All-Share Index (ASI) soared by 0.48 percent or 671.70 points, to settle at 141,004.14. Meanwhile, the market breadth also closed positive with 51 gainers.