NGX Friday wrap: a green close, but a narrow one

The streak is over. The NGX All-Share Index closed Friday up 0.13% at 248,363.55, its first green finish after 7 straight red sessions. Market cap rose ₦208bn to ₦161.26trn, and the YTD return is now 59.6%.

Look under the hood, though: 25 stocks gained while 34 fell. A handful of names lifted the index while most of the board kept slipping, and the rebound only won back about 7% of the points lost since Sept 28.

Top gainers: Regency Alliance +10% to ₦0.77, Livestock Feeds +9.58%, Guinea Insurance +9.41%.
Top loser: Red Star Express -9.76% to ₦13.40, with Fidelity Bank and DAAR also among the decliners.
Zenith Bank was the most traded stock. Volume dropped about 35% to 322m shares worth ₦20.5bn.

Takeaway: one green day isn't a trend. Watch whether breadth turns positive next week before calling this a real recovery.

How did your portfolio end the week? Add it on Gopexly and follow investors whose picks you trust.

Sources: Proshare, Kobo Terminal, Legit.ng

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