NGX: investors gain N208 billion as equity markets rebound

Investors in the Nigerian equity market earned N208 billion at the close of trading on Tuesday.

Stocks return from Easter holidays in a bullish mood.

This follows a surge in the prices of shares such as Trans-Exp, Omatek and Cadbury, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 202,023.1 points from 201,698.89 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization increased to N130 trillion from N129.8 trillion recorded by the exchange on Thursday before the Easter holiday.

Market breadth was negative, with 20 stocks rising, 38 declining, and 90 stocks unchanged in 78,006 transactions.

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A total of 1,152,717,418 shares were traded worth N40.2 billion.

Trans-Exp, Omatek and Cadbury led the gainers chart, with share price growth of 9.86%, 9.76% and 9.53% respectively, closing at N3.12, N2.25 and N75.25 per share, up from N2.84, N2.05 and N68.75 per share

Ellah Lakes, Daar Communications and Chams Plc led other price decliners with price drops of 10%, 9.95% and 9.87% respectively to close at N10.80, N1.72 and N3.38 per share, down from the previous N12.00, N1.91 and N3.75 per share.

On the volume index, Wema Bank led trading with 282 million shares in 1,119 transactions, followed by VFD Group which traded 106 million shares in 388 transactions.

First Holdco traded 62 million shares in 787 transactions.

On the value index, Wema Bank traded shares worth N7.2 billion in 1,119 transactions, followed by GTCO, which traded equities worth N6.9 billion in 5,547 transactions.

First Hold Co traded shares worth N3.1 billion in 787 transactions.

Babajide Okeowo