By Dipo Olowookere
The Nigerian Exchange (NGX) Limited rebounded by 0.07 per cent on Friday on renewed buying interest in FTN Cocoa, Geregu Power and 12 others.
FTN Cocoa appreciated during the session by 9.68 per cent to trade at 34 Kobo, Regency Assurance rose by 8.33 per cent to close at 26 Kobo, Linkage Assurance also gained 8.33 per cent to finish at 39 Kobo, Geregu Grew by 8.21 per cent to N120.00, and Trans Nationwide Express improved by 8.11 per cent to 80 Kobo.
In the session, 14 equities depreciated in price led by Custodian Investment, which fell by 9.23 per cent to N5.90, followed by Chams, which lost 8.00 per cent to close at 23 Kobo. Academy Press declined by 6.67 per cent to trade at N1.26, Jaiz Bank went down by 5.05 per cent to 94 Kobo, and CAP depreciated by 4.79 per cent to N16.90.
The banking and industrial goods sectors depreciated by 0.29 per cent and 0.02 per cent, respectively, while the insurance and consumer goods counters appreciated by 0.87 per cent and 0.01 per cent apiece, with the energy index closing flat.
At the close of business, the All-Share Index (ASI) increased by 32.48 points to 44,269.18 points from 44,236.70 points, and the market capitalisation rose by N17 billion to N24.112 trillion from N24.095 trillion.
Business Post reports that investors transacted 705.9 million shares worth N4.5 billion in 3,472 deals compared with the 215.2 million shares worth N1.9 billion traded in 3,389 deals on Thursday, representing an increase in the trading volume, value and number of deals by 228.10 per cent, 141.04 per cent, and 2.45 per cent, respectively.
FTN Cocoa was the most active stock yesterday after selling 350.2 million units, followed by Access Holdings, with the sale of 190.4 million units. Fidelity Bank transacted 43.3 million units, GTCO sold 19.6 million, and Geregu traded 13.4 million units.
