NGX: Investors make N152 billion in the first trading in May

Nigeria’s equity market began with a good start in the first trading session in May because investors received ₦ 152 billion at the close of trade on Friday.

This follows the surge in stock prices from Nigerian Aviation Handling Company (NAHCO) shares, Nigeria Cadbury, and PLC (TIP) initiatives, among others, on the trading floor.

After five hours of trading in the capital market, the capitalization of equity rose to ₦ 66.6 trillion from ₦ 66.4 trillion posted by Bourse on Wednesday.

The Benchmark All-Share Index (ASI) increased to 106,042.57 points from 105,752.61 points recorded on the previous day.

The extent of the negative market due to 28 advanced shares, 39 shares declined, and 56 shares remained unchanged in 18,554 agreements.

Nahco, Cadbury Nigeria and Tip lead other strengthening with growth of 10% each in the price closed at N82.50, N31.90 and N4.95 from N75.00, N29.00 and 4.50 per previous share.

Also read: NGX: Investor loses N117BN in five hours

Communication of Daar, Vitafoam Nigeria and Multiverse Mining & Exploration (Multiverse) led other price declines with 10%, 9.94% and 9.93% of stock prices to be closed in N0.54, N47.55 and N6.35 from N0.60, N52.80 and N78 shares.

In the volume index, the Access Holdings PLC led the trade with 52 million shares in 1,111 offers, followed by Chams PLC, which was traded 51 million shares in 302 offers.

United Bank for Africa (UBA) traded 35 million shares in 844 agreements.

In the value index, Stocks Trust Trust Holding (GTCO) which was traded worth N2.0 billion in 1,166 agreements, followed by MTN Nigeria, who traded equity worth N1.6 billion in 692 offers.

Shares traded by Uba worth N1.2 billion in 844 agreements.

By: Babajide Okeowo

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