NGX: Equities market recovers as investors gain N1tr

nvestors in the Nigerian equities market gained N1 trillion at the close of trading on Tuesday.

This followed a surge in the share prices of stocks such as Airtel Africa, Consolidated Hallmark and John Holt, among others on the trading floor.

The benchmark All-Share Index (ASI) increased to 200,705.88 points from the 199,014.02 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation fell to N128.8 trillion from N127.7 trillion posted by the bourse on Monday.

The market breadth was positive, with 37 stocks advancing, 23 declining, and 88 remaining unchanged in 89,949 deals.

A total of 1,291,527,464 shares were traded, valued at N65.3 billion.

Airtel Africa, Consolidated Hallmark and John Holt led the gainers’ chart, with 10% growth each in share prices, respectively, to close at N2,497.00, N4.95, and N14.30 per share, up from N2,270.00, N4.50, and N13.00 per share.

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NPF Microfinance Bank, Royalex, and CWG led other price decliners with a 6.29%, 5.32% and 4.82% dip each in price to close at N6.56, N1.78, and N20.75 per share, down from the previous N7.00, N1.88, and N21.80 per share.

On the volume index, Wema Bank led trading with 181 million shares in 1,122 deals, followed by GTCO, which traded 180 million shares in 4,728 deals.

UBA traded 118 million shares in 2,502 deals.

On the value index, GTCO traded stocks valued at N19 billion in 4,728 deals, followed by UBA, which traded equities worth N5.7 billion in 2, 502 deals.

Wema Bank traded shares valued at N4.7 billion in 1,122 deals.

Babajide Okeowo

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