NGX: Equity Market Maintains Bullish Runament because Investors get the N618BN

Investors at the Nigerian equity market obtained the N618 billion at the close of trade on Friday.

This follows the surge in stock prices such as Thomas Wyatt Nigeria, Eunisell Interlocked PLC and the Initi Place, among others, on the trading floor.

The Benchmark All-Share Index (ASI) jumped to 142,133.02 points from 141,157.49 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N89.9 trillion from N89.3 trillion posted by Bourse on Thursday.

The extent of the positive market with 36 advanced shares, 23 shares declined, and 89 remaining shares did not change in 22,350 agreements.

Thomas Wyatt Nigeria, Eunisell Interlinked PLC and Initates Place lead other growth with 10%, 9.98% and 9.98% growth in stock prices to be closed at N3.30, N33.60, and N13.22 from the previous N3.00, N30.55, and N12.02 per share.

Also read: NGX: The equity market recovered when investors get N279BN

Fidelity Bank, Custodian & Allied PLC, and Citix PLC led other prices with 10% 8.90%, and 8.31% of stock price declines to be closed on N18.45, N44.00, and N3.20 per share, down from N20.50, N48.30, and N3.49 per previous share.

In the volume index, Abbey Mortgage Bank PLC led trade with 50 million shares in 32 agreements, followed by Zenith Bank, which was traded 38 million shares in 1, 172 agreement.

STANBIC IBTC PLC traded 38 million shares in 379 agreements.

In the value index, STANBIC IBTC PLC was traded by N4.1 billion in 379 agreements, followed by Zenith Bank PLC, who traded equity worth N2.7 billion in 1,172 agreements.

MTN Nigeria traded shares worth N1.9 billion in 1,093 agreements.

Babajide Okeowo