NGX: Investors get N70BN as a boom of the equity market

Investors at the Nigerian equity market obtained the N170 billion at the close of trade on Thursday.

This follows the surge in stock prices such as PZ PLC, Eterna PLC and Champions Brewers, among others, on the trading floor.

The Benchmark All-Share Index (ASI) jumped to 142,979.46 points from 142,710.48 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N90.7 trillion from N90.5 trillion posted by Bourse on Tuesday.

The extent of the positive market with 34 advanced shares, 26 shares declined, and the remaining 87 shares did not change in 32,682 offers.

Also read: NGX: Bearish sentiment remains in the stock market because investors lose N367BN

PRC PLC, Eterna PLC and Brewers Champion lead other growth with 10%, 9.94% and 9.82% growth in stock prices to be closed at N37.95, N37.05, and N15.10 from N34.50, N33.70, and N13.75 per previous share.

RT Briscoe, Thomas Wyatt PLC, and Sovereign Insurance PLC led other prices with a decrease in 9.89% 9.82%, and 9.33% decrease in stock prices to be closed in N3.37, N3.58, and N2.72 per share, down from N3.74 before, N3,97, and N3.00 per share.

In the volume index, the United Bank of Africa led trade with 152 million shares in 1,514 agreements, followed by Wema Bank PLC, which was traded 152 million shares in 866 agreements.

First Holdco PLC trades 111 million shares in 510 agreements.

In the value index, shares traded by African banks worth N6.3 billion in 1, 514 agreement, followed by First Holdco PLC, which trades equity worth N3.4 billion in 510 offers.

STANBIC IBTC was traded by N3.4 billion in shares in 548 agreements.

Babajide Okeowo