NGX: Investors gain N1.4tr as market capitalisation crosses N81tr mark

Investors in the Nigerian equities market gained N1. 4 trillion at the close of trading on Wednesday.

This followed a surge in the share prices of stocks like Secure Electronic Technology (NSLTECH), Omatek Venture Plc, and Eunisell Interlinked Plc, among others, on the trading floor.

The benchmark All-Share Index (ASI) rose to 128,967.08 points from the 126,689.54 points recorded on Monday.

After five hours of trading at the capital market, the equity capitalisation increased to N81.5 trillion from N80.1 trillion posted the bourse 48 hours earlier.

The market breadth was positive, with 40 stocks advancing, 37 stocks declining, and 70 stocks remaining unchanged in 36, 635 deals.

Secure Electronic Technology (NSLTECH), Omatek Venture Plc and Eunisell Interlinked Plc, led other gainers with 10% growth each in prices to close at N1.21, N1.76, and N14.85 from the previous N1.10, N1.60 and N13.50 per share.

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NPF Microfinance Bank, FTN Cocoa Processors and C&I Leasing Plc led other price decliners with 10%, 10% and 9.97% dip in share prices to close at N2.43, N7.02 and N7.13 from the previous N2.70, N7.80 and N7.92 per share.

On the volume index, United Bank for Africa (UBA) led trading with 157 million shares in 2,140 deals, followed by Zenith Bank Plc, which traded 66 million shares in 2,568 deals.

Guaranty Trust Holding (GTCO) traded 48 million shares in 1,912 deals.

On the value index, UBA traded stocks valued at N7.6 billion in 2,140 deals, followed by Access Holdings Plc, which traded equities worth N3.2 billion in 2,157 deals.

Universal Insurance Plc traded shares valued at N89 million in 314 deals.

By: Babajide Okeowo

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