NGX: Equity markets continue to grow rapidly as investors raised N861 billion

Investors in the Nigerian equity market earned an additional N861 billion at the close of trading on Wednesday.

This follows a surge in the prices of shares such as UAC Nigeria, Cap and Vita Foam, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 219,586.2 points from 218,249.81 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization increased to N141.3 trillion from N140.5 trillion recorded by the exchange on Tuesday.

Market breadth was positive, with 31 stocks advancing, 28 declining, and 79 unchanged in 51,694 transactions.

A total of 683,684,294 shares were traded worth N36.1 billion.

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UAC Nigeria, Cap and VitaFoam led the gainers chart, with share price growth of 10% respectively, closing at N121.00, N110.00 and N143.00 per share, up from N110.00, N100.00 and N130.00 per share.

Neimeth, Abbey Mortgage Bank and Living Trust led other price declines, with falls of 10%, 9.85% and 8.94% respectively, closing at N9.00, N5.95 and N3.36 per share, down from N10.00, N6.60 and N3.69 per share respectively.

On the volume index, First Holding led trading with 76 million shares in 1,301 transactions, followed by UBA which traded 55 million shares in 2,148 transactions.

Access Holding traded 52 million shares in 2,897 transactions.

On the value index, First HoldCo traded shares worth N5.7 billion in 1,301 transactions, followed by GTCO, which traded equities worth N4.8 billion in 2,191 transactions.

UBA traded shares worth N2.8 billion in 2,148 transactions.

Babajide Okeowo