NGX: Equities market recovers, posts ₦516bn profit for investors

Investors in the Nigerian equities market gained N516 billion at the close of trading on Tuesday.

This followed a surge in the share prices of stocks such as Multiverse, Intenegins and Chams, among others on the trading floor.

The benchmark All-Share Index (ASI) increased to 201,287.78 points from the 200,484.43 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation dropped to N129.2 trillion from N128.6 trillion posted by the bourse on Monday.

The market breadth was positive, with 50 stocks advancing, 20 declining, and 78 remaining unchanged in 53,436 deals.

A total of 887,682,684 shares were traded, valued at N35.5 billion.

Multiverse, Intenegins and Chams led the gainers’ chart, with 9.88%, 9.49% and 8.40% growth each in share prices, respectively, to close at N18.35, N3.23, and N4.39 per share, up from N16.70, N2.95, and N4.05 per share.

READ ALSO: Stock market transaction up 78.93% to N1.54tn for Feb ‘26

NPF Micro Finance Bank, Sky Aviation and Zichis led other price decliners with a 10%, 9.97% and 9.96% dip each in price to close at N6.30, N143.10, and N13.65 per share, down from the previous N7.00, N158.95, and N15.16 per share.

On the volume index, Wema Bank led trading with 183 million shares in 567 deals, followed by VFD Group, which traded 103 million shares in 270 deals.

Secure Electronics traded 59 million shares in 607 deals.

On the value index, MTN Nigeria traded stocks valued at N12 billion in 4, 186 deals, followed by Wema Bank, which traded equities worth N4.7 billion in 572 deals.

GTCO traded shares valued at N2.7 billion in 2, 133 deals.

Babajide Okeowo

The post NGX: Equities market recovers, posts ₦516bn profit for investors appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.