NGX: Investors gain N3.2tr as equities market extends bullish sentiment

Investors in the Nigerian equities market gained N3.2 trillion at the close of trading on Thursday.

This followed a surge in the share prices of stocks such as FTN Cocoa, Bua Cement and Cap, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 242,277.81 points from the 237,205.59 points recorded on the previous day.

After five hours of trading on the capital market, equity capitalisation surged to N155.9 trillion from N152.7 trillion posted by the bourse on Wednesday.

The market breadth was positive, with 46 stocks advancing, 40 declining, and 42 remaining unchanged in 92,353 deals.

A total of 1,871,379,752 shares were traded, valued at N104 billion.

FTN Cocoa, Bua Cement and Cap led the gainers’ chart, with 10% growth each in share prices, respectively, to close at N5.50, N418.00 and N145.20 per share, up from N5.00, N380.00, and N132.00 per share.

Aluminium Extrusion, Royalex and Legend Internet led other price decliners, with declines of 9.95%, 9.93%, and 9.32%, respectively, to close at N9.50, N1.36, and N5.35 per share, down from N10.55, N1.51, and N5.90 per share, respectively.

On the volume index, Access Holding led trading with 934 million shares in 572 deals, followed by LASACO which traded 90 million shares in 361 deals.

UBA traded 88 million shares in 6,441 deals.

On the value index, Seplat traded stocks valued at N25.5 billion in 567 deals, followed by Access Holding, which traded equities worth N24.3 billion in 3, 572 deals.

GTCO traded shares valued at N7.3 billion in 6,080 deals.

Babajide Okeowo