NGX: Equities market recovers as investors gain N220bn  

The equities market recovered from yesterday’s slump as investors gained N220bn at the end of trading on Thursday.

This followed the surge in the share prices of stocks such as Eterna, NPF Microfinance Bank, and Premier Paints, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 196,807.15 points from the 196,463.22 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation rose to N126.3 trillion from N126.1 trillion posted by the bourse on Wednesday.

The market breadth was negative, with 32 stocks advancing, 38 declining, and 77 remaining unchanged in 66,286 deals.

A total of 634,012,355 shares were traded, valued at N29.1 billion.

READ ALSO: NGX: Bearish sentiment persists in stock market as investors lose N367bn

Eterna, NPFMCRFBK, and Premier Paints led the gainers’ chart, with 10%, 10% and 9.92% growth in share prices, respectively, to close at N38.50, N7.15, and N13.30 per share, up from N35.00, N6.50, and N12.10 per share.

TrippleG, Multiverse, and Jaiz Bank led other price decliners with a 9.94%, 9.91% and 7.41% dip each in price to close at N4.26, N20.45, and N10.00 per share, down from the previous N4.73, N22.70, and N10.80 per share.

On the volume index, Jaiz Bank led trading with 137 million shares in 5,222 deals, followed by GTCO, which traded 45 million shares in 2,674 deals.

Access Holding Plc traded 29 million shares in 2,072 deals.

On the value index, GTCO traded stocks valued at N5.4 billion in 2, 674 deals, followed by Aradel, which traded equities worth N4.6 billion in 2,154 deals.

MTN Nigeria traded shares valued at N3 billion in 6,138 deals.

Babajide Okeowo

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