NGX: Equity capitalisation increases by N697bn as bullish run persists

Investors in the Nigerian equities market gained N697 billion at the close of trading on Friday.

This followed a surge in the share prices of stocks such as Trans Express, International Breweries and Chams Plc, among others on the trading floor.

The benchmark All-Share Index (ASI) increased to 203,770.42 points from the 202,672.56 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation increased to N131.1 trillion from N130.4 trillion posted by the bourse on Thursday.

The market breadth was negative, with 22 stocks advancing, 32 declining, and 94 remaining unchanged in 48,538 deals.

A total of 548,601,278 shares were traded, valued at N31.4 billion.

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Trans Express, Inter Brew and Chams Plc led the gainers’ chart, with 9.91%, 9.88% and 9.84% growth each in share prices, respectively, to close at N3.77, N13.35, and N3.35 per share, up from N3.43, N12.15, and N3.05 per share

Omatek, Austin Laz, and Wapic led other price decliners, with 10%, 9.93%, and 9.88% declines, respectively, to close at N2.07, N3.99, and N2.92 per share, down from N2.30, N4.43, and N3.24 per share, respectively.

On the volume index, Access Holding led trading with 52 million shares in 1,969 deals, followed by Zenith Bank, which traded 47 million shares in 3,679 deals.

UBA traded 38 million shares in 1,495 deals.

On the value index, Aradel traded stocks valued at N6.9 billion in 1, 124 deals, followed by Zenith Bank, which traded equities worth N5.3 billion in 3,679 deals.

GTCO traded shares valued at N4.6 billion in 3, 251 deals.

Babajide Okeowo

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