In any business investment, there are days one makes gains, and there are days for losses.

For investors in the Nigerian stock market, the ₦345 billion worth of profit made on Friday will help to forget the four-day losses experienced. 

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After four consecutive days of losses in the stock market, investors are going to smile home with the result recorded on Friday, February 9, 2024, at the end of trade.

The market capitalisation of the Nigerian Exchange Limited (NGX) rose by ₦‎345 billion from ₦‎55.3 trillion to ₦‎55.7 trillion.

Have You Read: Stock Market: Investors Lose ₦‎1bn As Market Cap Dips To ₦‎55.87trn

For the first time this week, the All-Share Index (ASI) increased to 101,858.37 from 101,227.42 recorded on Thursday, February 8, 2024.

Gainers And Losers

May and Baker led other gainers with 10% growth in share price to close at ₦‎7.04 from its previous ₦‎6.40 per share.

Geregu Power, Meyer, and Veritas Kapita Assurance also posted 9.92%, 9.86, and 9.84% growth in their share prices.

On the flipside, Eterna led other price decliners as it shed 10% off its share price to close at ₦‎17.95 from its previous ₦‎19.90 per share.

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Industrial and Medical Gasses Nigeria, Daar Communications, and Neimeth International Pharmaceutical with 9.37%, 9.21%, and 9.09 cut in their share prices completed the list of decliners in today’s trading.

 Most Traded Stock

Transcorp traded 33.343 million shares valued at ₦‎439.01 million in 615 deals followed by Universal Insurance with 21.247 million shares worth ₦‎7.8 million traded by shareholders in 109 deals.

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EcoBank Transnational Inc. (ETI) traded 18.775 million shares valued at ₦‎486 million in 65 deals.

On the value index, Geregu traded stocks worth ₦‎2.142 billion in 379 deals followed by ETI with traded stocks worth ₦‎486 million in 65 deals.

GTCO traded equities worth ₦‎479 million in 254 deals.

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