NGX: Investors get more than N1Tr in five hours

The Nigerian equity market remains bullish because investors get more than N1 trillion at the end of trading on Tuesday.

This follows the surge in stock prices such as Nestle Nigeria, Nighern Nigeria Flour Mills and Ecobank Transnational Inc., among others, on the trading floor.

After five hours of trading in the capital market, the capitalization of equity rose to ₦ 68.1 trillion from ₦ 67.06 trillion posted by Bourse on Monday.

Benchmark All-Share Index (ASI) increased to 108,361.10 points from 106,698.50 points recorded the previous day.

The extent of the market is 41 advanced shares, 25 shares declined, and 55 shares remain unchanged in 17,575 agreements.

Nestle Nigeria, Nigherian Nigeria Flour Mills and Ecobank Transnational Inc. leads other gainers with 10% growth each in prices closed on N1, 210.00, N82.50 and N25.85 from N1.100.00, N75.00 and N23.50 per previous share.

Also read: NGX: Equity Market Starts Sunday with N412BN profits for investors

Groups Guinea Insurance, Daar Communications and VFD led other prices with 8.70%, 6.78% and 6.59% stock price reduction to N0.63, N0.55 and N17.00 from N0.69, N0.59 and N18.20 per previous share.

On the volume index, the Access Holdings PLC led trade with 103 million shares in 967 agreements, followed by a Trust Holding (GTCO) guarantee that was traded 37 million shares in 608 agreements.

United Bank for Africa (UBA) trading 30 million shares in 1, 004 agreement.

In the value index, Stocks Trust Trust Holding (GTCO) which is traded worth N2.4 billion in 608 agreements, followed by access holdings PLC, which trades equity worth N2.2 billion in 967 agreements.

Zenith Bank PLC trades shares worth N1.2 billion in 997 agreements.

By: Babajide Okeowo

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