NGX: Caverton, Eunisell were among the top gainers as investors made N308 billion

Investors in the Nigerian equity market earned N308 billion at the close of trading on Thursday.

This follows a surge in share prices, including shares such as Caverton Offshore Support Group, Eunisell Interlinked Plc and Sunu Assurance Plc on the stock exchange floor.

The benchmark All-Share Index (ASI) jumped to 146,204.33 points from 145,719.09 points recorded the previous day.

After five hours of trading on the capital market, equity capitalization increased to N92.7 trillion from N92.4 trillion recorded by the exchange on Wednesday.

Market breadth was positive with 32 stocks rising, 21 stocks weakening, and 93 stocks unchanged in 24,691 transactions.

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Caverton Offshore Support Group, Eunisell Interlinked Plc and Sunu Assurance Plc led other gainers with share price growth of 10%, 10% and 9.90% respectively to close at N6.93, N44.00 and N5.77 from the previous N6.30, N40.00 and N5.25 per share.

FTN Cocoa, Tantalizers Plc and Fidelity Bank Plc led another price decline with share prices dropping by 6.67%, 3.35% and 2.38% to close at N5.60, N2.31 and N20.50 per share, down from the previous N6.00, N2.39 and N21.00 per share.

On the volume index, Fidelity Bank Plc led trading with 42 million shares in 536 transactions, followed by Dangote Cement, which traded 20 million shares in 1,113 transactions.

Sterling Bank traded 19 million shares in 1,045 transactions.

On the value index, Dangote Cement traded shares worth N11 billion in 1,113 transactions, followed by Nestle Nigeria, which traded equities worth N5 billion in 174 transactions.

MTN Nigeria traded shares worth N4.9 billion in 1,554 transactions.

Baabajide Okeowo