Equities market extends bullish run as investors gain N281bn

Investors in the Nigerian equities market gained N281 billion at the close of trading on Thursday.

This followed the surge in the share prices of stocks such as Nestle, Guinness and Aluminium Extrusion Plc, among others, on the trading floor.

The benchmark All-Share Index (ASI) rose to 150,363.05 points from the 149,842.82 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation surged to N95.8 trillion from N95.5 trillion posted by the bourse on Wednesday.

The market breadth was positive with 35 stocks advancing, 26 stocks declining, and 85 stocks remaining unchanged in 23,211 deals.

READ ALSO: NGX: Equities market extends bullish run as investors gain N255bn

An aggregate of 839,774,594 units of shares was traded, valued at N32.8 billion

Nestle, Guinness and Aluminium Extrusion Plc led the gainers with 10%, 9.98% and 9.76% growth each in share prices, respectively, to close at N1,958.00, N289.70, and N11.25 per share, up from the previous N1780.00, N263.40, and N10.25 per share.

Stanbic IBTC, LASACO and African Prudential led other price decliners with a 9.33%, 9.09%, and 8.82% dip each in share price to close at N95.20, N2.50, and N12.40 per share, down from the previous N105.00, N2.75, and N13.60 per share

On the volume index, First Holding Co led trading with 385 million shares in 1,035 deals, followed by First City Monument Bank, which traded 76 million shares in 388 deals.

LASACO traded 43 million shares in 275 deals.

On the value index, First Holdings Co traded stocks valued at N15.5 billion in 1,035 deals, followed by Geregu Powers, which traded equities worth N6.2 billion in 108 deals.

Aradel Holdings traded shares valued at N2 billion in 702 deals.

Babajide Okeowo

The post Equities market extends bullish run as investors gain N281bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.