NGX: Bank Wema leads Gainers as an investor to make the N370BN come in. Five hours

Investor at. The Nigerian equity market gained N370 billion at the close of trade on Thursday.

This follows the surge in stock prices such as Wema Bank PLC, UAC from Nigeria and Guinness Nigeria PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 139,863.52 points from 139,278.67 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N88.4 trillion from N88.05 posted by Bourse on Wednesday.

The extent of the positive market, with 39 advanced shares, 32 shares declined, and the remaining 86 shares did not change in 37, 370 offers.

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Wema Bank PLC, UAC from Nigeria (UACN) and Guinness Nigeria PLC leads other growths with 10%, 10% and 9.96 growth in prices closed at N22.00, N80.30, and N117.05 from N20.00, N73.00 and N106.45 per previous share.

Learn Africa PLC, FTN Cocoa and Axa Mansard Insurance processors lead other prices with 10%, 10% and 10% down each in stock prices to be closed at N6.30, N5.67 and N11.70 from N7.00, N6.30 and N13.00 per previous share.

In the volume index, First City Monument Bank (FCMB), led trade with 121 million shares in 713 agreements, followed by Universal Insurance PLC traded 91 million shares in 171 agreements.

Fidelity Bank PLC traded 81 million shares in 789 agreements.

In the value index, Lafarge Wapco traded shares worth N3.5 billion in 846 agreements, followed by Dangote Semen PLC who trade equity worth N2.8 billion in 709 agreements.

MTN Nigeria (MTNN), the stock traded worth N2.8 billion in an agreement in 2001.

By: Babajide Okeowo