NGX: investors gain N208bn as equity market rebounds

Investors in the Nigerian equities market gained N208 billion at the close of trading on Tuesday.

The bourse returned from the Easter holiday in bullish mood.

This followed a surge in the share prices of stocks such as Trans-Exp, Omatek and Cadbury, among others on the trading floor.

The benchmark All-Share Index (ASI) increased to 202,023.1 points from the 201,698.89 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation increased to N130 trillion from N129.8 trillion posted by the bourse on Thursday before the Easter holiday.

The market breadth was negative, with 20 stocks advancing, 38 declining, and 90 remaining unchanged in 78,006 deals.

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A total of 1,152,717,418 shares were traded, valued at N40.2 billion.

Trans-Exp, Omatek and Cadbury led the gainers’ chart, with 9.86%, 9.76% and 9.53% growth each in share prices, respectively, to close at N3.12, N2.25, and N75.25 per share, up from N2.84, N2.05, and N68.75 per share

Ellah Lakes, Daar Communications and Chams Plc led other price decliners with a 10%, 9.95% and 9.87% dip each in price to close at N10.80, N1.72, and N3.38 per share, down from the previous N12.00, N1.91, and N3.75 per share.

On the volume index, Wema Bank led trading with 282 million shares in 1,119 deals, followed by VFD Group, which traded 106 million shares in 388 deals.

First Holdco traded 62 million shares in 787 deals.

On the value index, Wema Bank traded stocks valued at N7.2 billion in 1, 119 deals, followed by GTCO, which traded equities worth N6.9 billion in 5,547 deals.

First Hold Co traded shares valued at N3.1 billion in 787 deals.

Babajide Okeowo

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