NGX: SCOA, Jaiz Bank lead gainers as investors make N643bn in five hours

Investors in the Nigerian equities market gained N643 billion at the close of trading on Wednesday.

This followed a surge in the share prices of stocks like Scoa Nigeria, Learn Africa Plc and Jaiz Bank Plc, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 145,813.86 points from 144,796.37 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation increased to N92.2 trillion from N91.6 trillion posted by the bourse on Tuesday.

The market breadth was positive, with 53 stocks advancing, 26 stocks declining, and 67 stocks remaining unchanged in 35,137 deals.

SCOA, Learn Africa Plc, and Jaiz Bank Plc led other gainers with 10% growth each in prices to close at N5.50, N6.27, and N4.30 from the previous N5.00, N5.70 and N4.73 per share.

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Nigerian Exchange Group, Union Homes Real Estate, and UAC Nigeria Plc led other price decliners with 10% dip in share prices to close at N5.94, N8.45 and N8.95 from the previous N6.59, N9.35 and N9.90 per share.

On the volume index, Linkage Assurance led trading with 562 million shares in 209 deals, followed by Sterling Bank which traded 183 million shares in 1, 089 deals.

AIICO Insurance Plc traded 90 million shares in 181 deals.

On the value index, Zenith Bank Plc traded stocks valued at N4.5 billion in 1, 178 deals, followed by MTN Nigeria, which traded equities worth N1.7 billion in 1,752 deals.

United Bank of Africa (UBA), traded shares valued at N1.6 billion in 1, 732 deals.

By: Babajide Okeowo

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