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The All Share Index (ASI) of the Nigerian Stock Exchange (NSE) declined on Friday by 0.86 per cent following a 6.23 per cent rise in the index on Thursday, the ASI's biggest single-day jump in 2020.   

Data from the NSE website shows the main market index closed the trading day on Friday at 35,037.46 points, compared to 35,342.46 points recorded yesterday. On a weekly basis, the ASI surged this week by 12.97 per cent compared to 31,016.17 points recorded at the close of the trading week on November 6.

Market capitalisation depreciated by 0.86 per cent from N18.47 trillion reported on Thursday to N18.31 trillion today as the equities market closed on a negative note. But on a weekly basis, the market cap rose from N16.21 trillion reported at the close of last week to N18.31 today, with investors gaining N2.10 trillion this week.   

The main index of the NSE crossed the 30,000 point at the end of last month and has remained above that mark since. Year-to-date (YTD), the ASI has appreciated by 30.53 per cent.

A turnover volume of 1.24 billion shares worth N16.29 billion were traded in 13,433 deals on Friday, compared to the 1.19 billion shares that were traded in 10,704 deals yesterday at a value of N17.39 billion.  

Airtel Africa Plc was among the top five price gainers today as the stock of the telecoms company rose by 9.99 per cent. The other four were Dangote Sugar Refinery Plc, BUA Cement Plc, Fidson Healthcare Plc and PZ Cussons Nigeria Plc.  

Ardova Plc led the top five declining equities on Friday, depreciating by 9.76 per cent. The other price decliners were MTN Nigeria Communications Plc, Guinness Nigeria Plc, Guaranty Trust Bank Plc and Zenith Bank Plc.

As of the close of trading day on Friday, Dangote Cement Plc  remained the largest-listed company in Nigeria with a market cap of N3.41 trillion, followed by MTN Nigeria Communications, with a market cap of N3.15 trillion.