NGX: Animal Feed, Daar Communications led gains as investors made N440 billion

Investors in the Nigerian equity market earned N440 billion at the close of trading on Wednesday.

This follows a surge in the prices of shares such as Livestock Feeds, Daar Communications and CWG, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 252,508.19 points from 252,411.67 points the previous day.

After five hours of trading on the capital market, equity capitalization jumped to N162 trillion from N161.6 trillion recorded by the exchange on Tuesday.

Market breadth was positive, with 39 stocks rising, 26 declining, and 83 stocks unchanged in 76,557 transactions.

A total of 1,683,094,446 shares were traded worth N109.4 billion.

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Livestock Feeds, Daar Communications and CWG led the gainers chart, with share price growth of 10% each, closing at N10.45, N1.87 and N23.10 per share, up from N9.50, N1.70 and N21.00 per share.

NCR, Cornerstone and Zichis led the rest of the price declines, with falls of 10%, 10% and 9.89% respectively, closing at N179.10, N5.40 and N36.36 per share, down from N199.00, N6.00 and N40.35 per share respectively.

On the volume index, First HoldCo led trading with 564 million shares in 1,285 transactions, followed by Access Holding Bank, which traded 104 million shares in 3,264 transactions.

Fidelity Bank traded 96 million shares in 1,509 transactions.

On the value index, First HoldCo traded shares worth N43.6 billion in 1,285 transactions, followed by NGX Group, which traded equities worth N10 billion in 1,332 transactions.

Aradel traded shares worth N5.3 billion in 2,197 transactions.

Babajide Okeowo