NGX: Equity capitalization further increases as investors gain N1.6tr

Investors in the Nigerian equity market earned N1.66 trillion at the close of trading on Thursday.

This follows a surge in the prices of shares such as Guinea Insurance, Trans Express and Aradel, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 211,901.01 points from 209,317.41 points the previous day.

After five hours of trading on the capital market, equity capitalization rose to N136.4 trillion from N134.7 trillion recorded by the exchange on Wednesday.

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Market breadth was positive, with 45 stocks rising, 20 declining, and 83 stocks unchanged in 46,231 transactions.

A total of 584,961,180 shares were traded worth N34.7 billion.

Guinea Insurance, Trans Express and Aradel led the gainers chart, with share price growth of 10%, 10% and 9.99% respectively, closing at N1.21, N5.50 and N1547.50 per share, up from N1.10, N5.00 and N1406.90 per share.

Ikeja Hotel, Wapic and Cap led the rest of the price declines, with falls of 9.73%, 8.77% and 8.61% respectively, closing at N33.40, N2.60 and N95.00 per share, down from N37.00, N2.85 and 103.95 per share respectively.

On the volume index, Zenith Bank led trading with 61 million shares in 198 transactions, followed by UBA which traded 45 million shares in 1,797 transactions.

Access Holding traded 42 million shares in 1,727 transactions.

On the value index, Zenith Bank traded shares worth N7.5 billion in 4,189 transactions, followed by Aradel, which traded equities worth N5.6 billion in 1,727 transactions.

GTCO traded shares worth N3.2 billion in 2, 438.

Babajide Okeowo