NGX: The equity market recovered from two days of successive defeat because investors get N1.18Tr

The Nigerian equity market on Wednesday recovered from a two -day -day -old defeat because investors received N1.18 trillion at the close of trading that day.

This follows the surge in stock prices such as NEM Insurance Company, Beta Glass PLC and Seplat Petroleum Development Company, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 116,786.87 points from 114,910.16 points recorded on the previous day.

After five hours of trading in the capital market, equity capitalization increased to N73.6 trillion from N72.4 trillion posted by Bourse on Tuesday.

The extent of the positive market because 36 shares advanced, 30 shares declined, and 82 shares remained unchanged in 19,727 agreements.

NEM Insurance Companies, Beta Glass PLC and Seplat Petroleum Development Company leads other growth with 10%, 9.99% and 9.78% growth respectively in prices closed at N16.50, N250.95 and N5,450.00 from shares N15.00, N228.15 and N4,964.40 per share.

Also read: NGX: Equity Market Starts Sunday with N108BN Losses for Investors

Eterna PLC, Secure Electronic Technology and Legend Internet led other prices with 9.98%, 9.97% and 9.87% stock price reduction to closed in N295.70, N58.25 and N4.29 from N328.50, N64.70 and N4.76 per previous stock.

In the volume index, Zenith Bank PLC led trade with 149 million shares in 1,504 offers, followed by access holding PLC, which was traded 48 million shares in 1,248 offers.

United Bank of Africa (UBA) trading 42 million shares in 1,114 agreements.

In the value index, Zenith Bank PLC trades shares worth N7.2 billion in 1,504 agreements, followed by Nigerian Breweries PLC, which trades equity worth N2.1 billion in 194 agreements.

Transcorp Power PLC traded shares worth N2.0 billion in 380 agreements.