NGX: Equities market recovers as investors gain ₦541bn

Investors in the Nigerian equities market gained N541 billion at the close of trading on Thursday.

This followed a surge in the share prices of stocks such as Presco, UACN, and Morison among others on the trading floor.

The benchmark All-Share Index (ASI) increased to 196,908.76 points from the 125,857,53 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation rose to N126.3 trillion from N125.7 trillion posted by the bourse on Wednesday.

The market breadth was flat, with 30 stocks advancing, 30 declining, and 87 remaining unchanged in 55,465 deals.

A total of 549,781,128 shares were traded, valued at N44.7 billion.

FTN Cocoa, Fidson and Deap Cap led the gainers’ chart, with 10%, 9.97% and 9.89% growth in share prices, respectively, to close at N6.72, N105.35, and N7.00 per share, up from N5.70, N95.80, and N6.37 per share.

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Eterna, Omatek, and Scoa led other price decliners with a 10%, 10% and 9.94% dip each in price to close at N42.30, N2.52, and N22.65 per share, down from the previous N47.00, N2.80, and N25.15 per share.

On the volume index, FTG Insure led trading with 32 million shares in 383 deals, followed by Access Bank Holding, which traded 28 million shares in 1,695 deals.

First Holding Company traded 27 million shares in 619 deals.

On the value index, Dangote Cement traded stocks valued at N20.6 billion in 2,189 deals, followed by Aradel, which traded equities worth N4.1 billion in 1,596 deals.

Zenith Bank traded shares valued at N2.5 billion in 2,080 deals.

Babajide Okeowo

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