NGX: Equity Market Maintains Bullish Runases with N226BN Profit for Investors

Investors at the Nigerian equity market obtained N226 billion at the close of trade on Tuesday.

This follows the surge in stock prices such as Omatek Ventures, Champions Brewers PLC and Nigerian Exchange Group, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 121,653.93 points from 121,295.33 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 N76.5 trillion posted by Bourse on Monday.

The extent of the positive market, with 57 advanced shares, 21 shares declined, and 79 remaining shares did not change in 24,770 agreements.

Omatek Ventures, Champions Brewers PLC and Nigerian Exchange Group lead other acquisitions with 10% growth each in the price closed on N1.10, N14.96 and N56.10 from N1.00, N13.60 and N51.00 per previous share.

Also read: NGX: Equity Market Maintaining Bullish Run When Investors Get N404BN

Deap Capital Management & Trust, E-Tranzact International and Nigernia Nigeria Flour Mills lead other prices with 10%, 9.55% and 9.17% stock price reduction to closed on N1.17, N9.00 and N98.00 from N1.30 previously, N9.95 and N108.00 per share.

In the volume index, the Access Holdings PLC led the trade with 124 million shares in 1,268 agreements, followed by the Japaul Gold and Ventures PLC, which was traded by 123 million shares in 282 agreements.

Benefits of reciprocity traded 55 million shares in 252 offers.

In the value index, the Stocks Trust Holding PLC which is required by PLC is worth N2.8 billion in 1,305 agreements, followed by access holdings PLC, which trade equity worth N2.7 billion in 1,286 agreements.

MTN Nigeria traded shares worth N2.6 billion in 676 agreements.