NGX: Investors get N1.7TR because the equity market maintains the Bullish escape

Investors at the Nigerian equity market obtained N1.7 trillion at the closing of trading on Thursday.

This follows the surge in stock prices such as FTN Cocoa processors, Caverton Offshore Support Group and Haldane McCall, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 124,446.8 points from 121,989.67 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N78.7 trillion from N76.9 trillion posted by Bourse on Wednesday.

The extent of the positive market, with 70 advanced shares, 10 shares declined, and 67 remaining shares did not change in 27,875 offers.

FTN Cocoa Processors, Caverton Offshore Support Group and Haldane McCall led other gainers with 10% growth each in prices closed on N6.82, N8.36 and N4.73 from N6.20, N7.60 and N4.30 shares per previous share.

Also read: NGX: Equity Market Starts Week with N193BN Profits for Investors

Neimeth International Pharma, Internet and Gas Industrial & Medical Gas Lead leads other prices with 9.91%, 9.88% and 7.36% stock price reduction to N9.00, N7.21 and N34.00 from N9.99, N8.00 and N36.70 per previous share.

In the volume index, the Access Holdings PLC led the trade with 174 million shares in 1,537 offers, followed by AIICO Insurance PLC, which was traded 81 million shares in 720 agreements.

Japaul Gold and Ventures PLC traded 74 million shares in 341 agreements.

In the value index, the PLC Access Holdings shares that are traded worth N3.9 billion in 1,537 agreements, followed by Nigerian Brewers PLC, which trades equity worth N3.8 billion in 522 agreements.

United Bank of Africa PLC (UBA) traded shares worth N2.5 billion in 1,054 agreements.

By: Babajide Okeowo