NGX: Equities market consolidates previous profits with fresh N203BN profits

The Nigerian equity market consolidates the previous day’s profits with new N203 billion profit for investors at the close of trading on Tuesday.

This follows the surge in stock prices such as NCR Nigeria, Skye Shelter Fund PLC, and Berger Paints PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 141,761.36 points from 141,439.77 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to N89.6 trillion from N89.4 trillion posted by Bourse on Monday.

The extent of the negative market with 27 advanced shares, 33 shares declined, and 87 remaining shares did not change in 28,845 agreements.

NCR Nigeria, Skye Shelter Fund PLC, and Berger Paints PLC leads other strengthening with 10%, 9.99% and 9.06% growth in prices closed at N11.55, N301.55, and N34.90 from N10.50, N274.15, and N32.00 per previous share.

Also read: NGX: Investors lost N121BN because the bearish sentiment hit the stock market

Internet legend, Safe Electronic Technology, and Cutix Nigeria PLC led other prices with 10%, 9.26% and 8.97% of stock price reduction to N5.40, N0.98, and N3.55 from N6.00, N1.08, and N3.90 per previous share.

In the volume index, the First City Monument Bank PLC (FCMB) led trade with 71 million shares in 532 agreements, followed by Veritas Kapital Assurance PLC, which was traded 66 million shares in 517 agreements.

AIICO Insurance PLC trades 35 million shares in 1,402 offers.

In the value index, Lafarge Wapco (WAPCO) traded shares worth N1.6 billion in 353 agreements, followed by MTN Nigeria (MTNN), which trades equity worth N1.4 billion in 1,339 offers.

Guarantee Trust Holding PLC (GTCO) shares traded worth N1.1 billion in 1,124 agreements.