NGX: The equity market makes marginal recovery as an N31BN Pocket Investor

Nigeria’s equity market recorded marginal reasons marginal recovery from previous losses because investors received N31 billion at the close of trade on Tuesday.

This follows the surge in stock prices such as Abbey Mortgage Bank, Unilever and study Afrca among others on the trading floor.

After five hours of trading in the capital market, the capitalization of equity rose to ₦ 65.7 trillion from ₦ 65.6 trillion posted by Bourse on Monday.

The Benchmark All-Share Index (ASI) increased to 104,580.44 points from 104,529.62 points recorded on the previous day.

The extent of the market is negative because 24 shares advanced and 28 shares declined, while 72 shares remained unchanged in 12,973 agreements.

Also read: NGX Roundup: Investor loses N440BN in one week

Abbey Mortgage Babk, Unilever and Afrca Learning Lead other Gainers with 9.94%, 9.65%, and 8.33%of respective growth in prices closed at N7.41, N38.05 and N3.25 from N6.74, N34.70 and N3.00 per previous share.

NNFM, Caverton, and WAPIC led other prices with 9.97%, 9.06% and 8.85% of stock price reductions to N79.00, N2.31 and N2.06 from N87.75, N2.54 and N2.26 per previous share.

In the volume index, Fidelity Bank led trade with 47 million shares in 489 agreements followed by access corp traded 28 million shares in 809 agreements.

Zenith Bank trades 23 million shares in 799 agreements.

In the value index, MTNN traded shares worth N2.7 billion in 398 agreements followed by GTCO traded by equity worth N1.2 billion in 836 agreements.

Zenith Bank traded shares worth N1.1 billion in 799 offers.

By: Babajide Okeowo

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