NGX: Equities Market Consolidates profits with profit N764 billion for investors

Investors in the Nigerian equity market obtained the N764 billion at the close of trade on Tuesday.

This follows the surge in stock prices such as Dangote Sugar, Okomu Oil Palm and UPDC PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 119,790.82 points from 118,579.65 points recorded on the previous day.

After five hours of trading in the capital market, equity capitalization increased to N74.8 trillion from N74.5 trillion exchanges posted on Monday.

The extent of the positive market because 46 shares advanced, 22 shares declined, and 82 shares remained unchanged in 22,207 agreements.

Dangote Sugar, Okomu Oil Palm and UPDC PLC lead other strengthening with 10% growth each in the price closed at N44.00, N748.00 and N3.30 from N40.00, N680.00 and N3.00 per previous share.

Also Read: NGX: The Equity Market Closes Week with N175BN Profit for Investors

Daar Communications PLC, Prestige Assurance Company and Industrial Gas & Medical Gas lead other prices with 7.81%, 5.56% and 4.30% stock price reduction to N0.59, N1.02 and N33.40 from N0.64 Previously, N1.08 and N34.90 per share.

In the volume index, the Royal Exchange led trade with 103 million shares in 47 agreements, followed by Fidelity Bank PLC, which was traded 83 million shares in 777 agreements.

Holding Access Holding PLC is traded 55 million shares in 902 offers.

In the value index, Oil Palm shares traded by Okomu worth N3.2 billion in 816 offers, followed by Zenith Bank PLC, which is traded by equity worth N1.7 billion in 826 offers.

Fidelity Bank PLC traded shares worth N1.6 billion in 777 agreements.

By: Babajide Okeowo