NGX: Investors rake in Rp146 billion as equity markets recover from earlier losses

The equity market rallied on Friday as investors gained N146 billion at the close of trading for the day.

This follows the rise in share prices of stocks such as Oando, Total, and Cornerstone among others on the trading floor.

After five hours of trading in the capital market, equity capitalization rose to N55.1 trillion from N54.9 trillion recorded by the bourse on Thursday.

The All Share Index (ASI) also increased to 95,973.45 from 95,718.05 recorded the previous day.

Market breadth was positive as 31 stocks rose and 10 stocks fell, while 77 stocks remained unchanged in 7,351 trades.

Oando, Total and Cornerstone led the other gainers with share price growth of 10%, 9.98% and 9.95% respectively to close at N47.85, N563.00 and N2.32 from N43.50, N511.90 and N2.11 per share respectively.

READ ALSO: NGX: Investors lose N84 billion as shares plunge

On the other hand, FTN COCOA, CUTIX and INTERNATIONAL BREWERIES led other price decliners as they fell by 5%, 4.91% and 4.44% respectively to close at N1.90, N3.10 and N4.30 from opening prices of N2.00, N3.26 and N4.50 per share.

On the volume index, ACCESS CORP led the trade with 36 million shares worth N716 million in 520 deals followed by VERITASKAP which traded 27 million shares worth N340 million in 123 deals.

FCMB traded 24 million shares worth N12 million in 126 transactions.

On the value index, ACCESS CORP recorded the highest value for daily traded shares worth N716 million in 520 transactions followed by Oando which traded equities worth N612 million in 371 transactions.

GTCO traded shares worth N513 million in 225 transactions.

By: Babajide Okeowo

NGX: Investors rake in N146 billion as equity markets recover from earlier losses first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.