NGX: The equity market continues to run bullish when investors get the N307BN

The equity market remains bullish because investors obtained the N307 billion at the close of trade on Wednesday.

This follows the surge in stock prices such as Multiverse Mining & Exploration, UPDC Real Estate Investment Trust and Beta Glass Company, among others on the trading floor.

After five hours of trading in the capital market, the capitalization of equity rose ₦ 68.4 trillion from ₦ 68.1 trillion posted by Bourse on Tuesday.

The Benchmark All-Share Index (ASI) increased to 108,849.83 points from 108,361.10 points recorded the previous day.

The extent of the positive market due to 49 advanced shares, 15 shares declined, and 60 shares remained unchanged in 17,496 agreements.

Multiverse Mining & Exploration, Updc Real Estate Investment Trust and Beta Glass Company leads other growths with growth of 10%, 10% and 9.98% each in prices closed on N8.80, N6.60 and N146.05 from N8.00, N6.00 and N132.80 per previous share.

Also Read: Nigeria Stock Market Recovering Because Investors Get N240BN

Deap Cotusit Management & Trust Africa Prudential PLC and Assurance Linkage leads other prices with 10%, 6.61% and 5.60% stock price reduction to be closed on N1.08, N1.13 and N16.00 from N1.20, N1.21 and N16.95 per previous share.

In the volume index, Trust Holding (GTCO) guarantees trading 98 million shares in 692 agreements, followed by Tantalizers PLC which was traded 75 million shares in 107 agreements.

Fidelity Bank PLC trades 40 million shares in 468 agreements.

In the value index, the Holding Trust (GTCO) guarantee emerged as the top stock traded, collecting N6.5 billion in 692 agreements, followed by Zenith Bank PLC (Zenithbank) who traded equity worth N1.8 billion in 903 agreements.

Nigerian Breweries PLC (NB) traded shares worth N1.6 billion in 523 agreements.

By: Babajide Okeowo

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