NGX: Investors get N1.9Tr massive in five hours

Investors at the Nigerian equity market obtained N1.9 trillion at the closing of trading on Wednesday.

This follows the surge in stock prices such as Dangote Sugar, Oando PLC and Breweries Champions, among others, on the trading floor.

The All-Share Index (ASI) benchmark increased to 121,257.69 points from 119,790.82 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to N76.7 trillion from N74.8 trillion posted by Bourse on Tuesday.

The extent of the positive market due to 63 advanced shares, 17 shares declined, and 68 shares remained unchanged in 22,896 agreements.

Dangote Sugar, Oando PLC and Champions Brewers lead other growth with growth of 10%, 10% and 9.98% respectively in prices closed on N48.40, N68.75 and N10.91 from N44.00, N62.50 and N9.92 per previous share.

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

University press PLC, RT Briscoe and Multiverse Mining & Exploration leads other prices with 6.25%, 6.12% and 4.89% stock price reduction to be closed at N6.00, N2.30 and N9.20 from N6.40, N2.45 and N9.20 per previous share.

In the volume index, Fidelity Bank PLC led trade with 82 million shares in 655 agreements, followed by Caverton Offshore Support Group, which was traded 64 million shares in 290 agreements.

Zenith Bank PLC trades 60 million shares in 1,408 offers.

In the value index, Zenith Bank PLC trades N3.4 billion in shares in 1,408 agreements, followed by Aradel Holdings who trade equity worth N2.4 billion in 453 offers.

Nestle Nigeria traded shares worth N2.2 billion in 117 agreements.

By: Babajide Okeowo