NGX: Equities market posts N21bn profit for investors

Investors in the Nigerian equities market gained N21 billion at the close of trading on Thursday.

This followed a surge in the share prices of stocks such as Legend Internet, Zichis and Premier Paints, among others on the trading floor.

The benchmark All-Share Index (ASI) increased to 200,957.89 points from the 200,925.75 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation surged to N128.9 trillion from N128.9 trillion posted by the bourse on Wednesday.

The market breadth was negative, with 30 stocks advancing, 36 declining, and 82 remaining unchanged in 42,222 deals.

A total of 678,128,718 shares were traded, valued at N33.1 billion.

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Premier Paints, Zichis and Legend Internet led the gainers’ chart, with 10%, 10% and 9.92% growth each in share prices, respectively, to close at N34.10, N12.54, and N34.10 per share, up from N31.00, N11.40, and N7.26 per share.
UPL, Sunu Assurances, and Veritas Kapital led other price decliners with a 9.17%, 8.88% and 6.98% dip each in price to close at N5.45, N4.31, and N2.00 per share, down from the previous N6.00, N4.73, and N2.15 per share.

On the volume index,  Access Holding led trading with 134 million shares in 1, 693 deals, followed by Wema Bank, which traded 105 million shares in 579 deals.

Veritas Kapital traded 74 million shares in 236 deals.

On the value index, MTN Nigeria traded stocks valued at N11 billion in 3,921 deals, followed by Access Holding, which traded equities worth N3.4 billion in 1, 693 deals.

Wema Bank traded shares valued at N2.7 billion in 579 deals.

Babajide Okeowo

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