NGX: Investors expand gains, as equity markets add N55 billion

Investors in the Nigerian equity market earned N55 billion at the close of trading on Thursday.

This follows the soaring prices of shares such as Trans Express, Intenegins and UPDC REIT, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 202,672.56 points from 202,585.53 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization increased to N130.459 trillion from N130.404 trillion recorded by the exchange on Wednesday.

Market breadth was negative, with 22 stocks rising, 32 declining, and 94 stocks unchanged in 51,101 transactions.

A total of 652,863,050 shares were traded worth N39.8 billion.

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Trans Express, Intenegins and UPDC REIT led the gainers chart, with share price growth of 9.94%, 9.84% and 9.63% respectively, closing at N3.43, N3.46 and N7.40 per share, up from N3.12, N3.15 and N6.75 per share

Living Trust, RT Briscoe and Tantalizer led the rest of the price declines, with drops of 10%, 9.94% and 9.55% respectively, closing at N4.32, N8.88 and N3.98 per share, down from N4.80, N9.86 and N4.40 per share respectively.

On the volume index, Access Holding led trading with 121 million shares in 1,859 transactions, followed by GTCO which traded 62 million shares in 3,640 transactions.

Chams traded 60 million shares in 1,465 transactions.

On the value index, GTCO traded shares worth N8.0 billion in 3,640 transactions, followed by Aradel, which traded equities worth N7.5 billion in 1,143 transactions.

Zenith Bank traded shares worth N4.8 billion in 4,126 transactions.

Babajide Okeowo