NGX: Airtel, Cap lead gainers as investors made N628 billion in five hours

Investors in the Nigerian equity market earned N628 billion at the close of trading on Wednesday

This follows a surge in the prices of shares such as Airtel Africa, Cap and Zichis, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 242,729.51 points from 241,750.15 points the previous day.

After five hours of trading on the capital market, equity capitalization jumped to N155.7 trillion from N155.1 trillion recorded by the exchange on Tuesday.

Market breadth was positive, with 48 stocks advancing, 23 declining, and 77 unchanged in 85,804 transactions.

A total of 1,414,972,650 shares were traded worth N59.4 billion.

Airtel Africa, Cap and Zichis led the gainers chart, with share price growth of 10%, 9.99% and 9.97% respectively, closing at N3,323.40, N193.20 and N27.58 per share, up from N3,021.30, N175.65 and N25.08 per share.

Sunu Assurance, Guinness and Caverton led other price declines, with falls of 10.00%, 9.98% and 8.33% respectively, closing at N4.05, N402.60 and N5.50 per share, down from N4.50, N447.30 and N6.00 per share respectively.

On the volume index, Access Holding led trading with 85 million shares in 3,203 transactions, followed by Chams which traded 83 million shares in 1,469 transactions.

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Secure Electronics traded 59 million shares in 380 transactions.

On the value index, MTNN traded shares worth N7.5 billion in 10,730 transactions, followed by Zenith Bank, which traded equities worth N7.1 billion in 6,914 transactions.

GTCO traded shares worth N6.2 billion in 4,568 transactions.

Babajide Okeowo