NGX: The equity market is a little recovered, getting the N20BN in five hours

The Nigerian equity market recovered slightly from the previous day’s losses with N20.51 billion profits for investors at the close of trading on Tuesday.

This follows the surge in stock prices such as Regency Alliance Insurance, Tripple Gee & Co. PLC and Nestle Nigeria, among others, on the trading floor.

The Benchmark All-Share Index (ASI) decreased to 109,730.47 points from 109,697.83 points recorded on the previous day.

After five hours of trading in the capital market, equity capitalization jumped to N68.96 trillion from N68.94 trillion posted by Bourse on Monday.

The extent of the negative market due to 31 advanced shares, 32 shares declined, and 57 shares remained unchanged in 18,795 agreements.

Regency Alliance Insurance, Tripple Gee & Co. PLC and Nestle Nigeria lead other visitors with 10% growth each in the price closed at N0.66, N2.20 and N1.464.00 from N0.60, N2.00 and N1.331.00 per previous share.

Read Aslo: NGX: Equity Market Starts Sunday with N7BN Losses for Investors

Berger paint, reciprocal benefits, and related bus companies lead other prices with 9.98%, 9.80% and 9.77% of stock price reductions to N21.20, N0.92 and N2.40 from N23.55, N1.02 and N2.66 per previous share.

In the volume index, Fidelity Bank PLC led trade with 60 million shares in 1,277 agreements, followed by UBA PLC (UBA), which was traded 36 million shares in 828 offers.

Custodian & Allied PLC trading 35 million shares in 121 agreements.

In the value index, Aradel Holdings traded shares worth N2.2 billion in 946 agreements, followed by UBA PLC (UBA), which trade equity worth N1.2 billion in 828 agreements.

Fidelity Bank PLC shares traded worth N1.1 billion in 1,277 agreements.

By: Babajide Okeowo

Join the conversation

Opinion

Supports Nigeria’s ripples, resistant Journalism Solutions

A balanced and fearful journalism that is driven by data comes with enormous financial costs.

As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.

If you like what we do, and ready to uphold journalism solutions, friendly Nigerian ripples cause.

Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.

Donation now