NGX: Investors gain over N1tr for third consecutive day  

Investors in the Nigerian equities market gained N1.1 trillion at the close of trading on Friday recording over N1 trillion profit for the third consecutive day.

This followed the surge in the share prices of stocks such as Omatek, Deap Cap, and NAHCO, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 171,727.49 points from the 170,005.36 points recorded on the previous trading day.

After five hours of trading at the capital market, the equity capitalisation surged to N110.2 trillion from N109.1 trillion posted by the bourse on Thursday.

The market breadth was positive, with 60 stocks advancing, 19 declining, and 69 remaining unchanged in 51,005 deals.

A total of 953,765,728 shares were traded, valued at N43 billion.

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

Omatek, Deap Cap, and NAHCO led the gainers’ chart, with 10% growth in share prices, respectively, to close at N2.64, N6.82, and N136.40 per share, up from N2.40, N6.20, and N124.00 per share.

TIP, Daar Communication, and UCAP led other price decliners with a 9.74%, 7.32% and 6.55% dip each in share price to close at N19.46, N1.90, and N18.55 per share, down from the previous N21.55, N2.05, and N19.85 per share

On the volume index, Fidelity Bank led trading with 92 million shares in 844 deals, followed by Chams, which traded 69 million shares in 936 deals.

DeapCap traded 59 million shares in 546 deals.

On the value index, Presco traded stocks valued at N11.2 billion in 646 deals, followed by MTN Nigeria, which traded equities worth N3.5 billion in 3,895 deals.

GTCO traded shares valued at N3.1 billion in 1,628 deals.

Babajide Okeowo

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