NGX: Investors gain N579bn in five hours

Investors in the Nigerian equities market gained N579 billion at the close of trading on Tuesday.

This followed the surge in the share prices of stocks such as Aluminium Extrusion, Austin Laz and Custodian, among others, on the trading floor.

The benchmark All-Share Index (ASI) surged to 153,354.13 points from the 152,459.07 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation surged to N97.7 trillion from N97.1 trillion posted by the bourse on Monday.

The market breadth was flat with 27 stocks advancing, 27 stocks declining, and 92 stocks remaining unchanged in 27,589 deals.

An aggregate of 677,433,194 units of shares was traded, valued at N20.7 billion.

READ ALSO: NGX: Bearish sentiment persists in stock market as investors lose N367bn

 Aluminium Extrusion, Austin Laz and Custodian led the gainers with 9.96%, 9.81% and 9.69% growth each in share prices, respectively, to close at N14.90, N2.91, and N38.50 per share, up from the previous N13.55, N2.65, and N35.10 per share.

Royalex, Champion and Nascon led other price decliners with a 7.22%, 6.57%, and 5.36% dip each in share price to close at N1.80, N15.65, and N105.05 per share, down from the previous N1.94, N16.75, and N111.00 per share

On the volume index, VFD Group led trading with 191 million shares in 164 deals, followed by Guaranty Trust Holdings Co, which traded 63 million shares in 1,387 deals.

Access Holdings Plc traded 49 million shares in 1,536 deals.

On the value index, Guaranty Trust Holdings Co traded stocks valued at N5.5 billion in 1, 387 deals, followed by First Holdings Co, which traded equities worth N2.2 billion in 1,212 deals.

VFD Group traded shares valued at N2 billion in 164 deals.

Babajide Okeowo

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