NGX: Investors make N190bn as Guinness, C&I Leasing lead gainers

Investors in the Nigerian equities market gained N190 billion at the close of trading on Thursday.

This followed the surge in the share prices of stocks like Guinness Nigeria, C&I Leasing Plc, and LivingTrust Mortgage Bank, among others, on the trading floor.

The benchmark All-Share Index (ASI) rose to 140,665.84 points from 140,365.36 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation increased to N89.003 trillion from N88.8 trillion posted by the bourse on Wednesday.

The market breadth was positive with 41 stocks advancing, 12 stocks declining, and 94 stocks remaining unchanged in 22,935 deals.

Guinness Nigeria, C&I Leasing Plc, and LivingTrust Mortgage Bank led other gainers with 10% growth each in share price to close at N143.00, N6.60, and N4.62 from the previous N130.00, N6.00, and N4.20 per share.

N.E.M Insurance Company, AXA Mansard Insurance, and Computer Warehouse Group led other price decliners with a 9.94%, 4.76% and 4.71% dip in share price to close at N28.10, N15.99, and N16.20 per share, down from the previous N31.20, N16.79, and N17.00 per share.

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On the volume index, Japaul Gold Ventures led trading with 42 million shares in 204 deals, followed by Zenith Bank, which traded 27 million shares in 1,117 deals.

United Bank for Africa traded 27 million shares in 866 deals.

On the value index, Zenith Bank traded stocks valued at N1.8 billion in 1, 177 deals, followed by Nigerian Breweries Plc, which traded equities worth N1.2 billion in 266 deals.

United Bank for Africa traded shares valued at N1.2 billion in 866 deals.

Babajide Okeowo

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