NGX: Cornerstone, WAPIC among top gainers as investors rake in N25bn

Nigeria’s equity market recovered from the previous day’s losses with investors gaining N25 billion at the end of trading on Tuesday.

This follows the increase in share prices of CORNERSTONE, JAIZBANK and WAPIC among others on the trading floor today.

After five hours of trading in the capital market, equity capitalization increased to N56.6 trillion from N56.5 trillion posted by the exchange on Monday.

The All Share Index (ASI) fell to 100,067.77 from 100,020.83 recorded the previous day.

Market breadth was negative as 22 stocks rose and 24 stocks fell, while 71 stocks remained unchanged in 8,655 trades.

CORNERSTONE, JAIZBANK and WAPIC led other gainers with share price growth of 10%, 9.95% and 9.59 respectively to close at N2.09, N2.21 and N0.80 from N1.90, N2.01 and N0.73 per share previously.

ALSO READ: NGX: Investors end week with Rp56 billion loss as stocks plunge

On the other hand, RTBRISCOE, CUTIX and CILEASING led the other price decliners as they fell by 9.86%, 6.82% and 6.25% respectively to close at N0.64, N4.10 and N3.00 from initial prices of N0.71, N4.40 and N3.20 per share.

On the volume index, UNIVINSURE led the trade with 61 million shares worth N21 million in 126 deals followed by AIICO which traded 31 million shares worth N32 million in 175 deals.

UBA traded 25 million shares worth N581 million in 486 transactions.

On the value index, UCAP recorded the highest value for daily traded equities worth N711 million in 486 transactions followed by GTCO which traded equities worth N603 million in 414 transactions.

UBA traded shares worth N603 million in 486 transactions.

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