NGX: Equity capitalization increased as investors earned N2.2tr

Investors in the Nigerian equity market earned N2.28 trillion at the close of trading on Wednesday.

This follows a surge in the prices of shares such as Airtel Africa, Aradel and ETI, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 209,317.41 points from 205,913.93 points the previous day.

After five hours of trading on the capital market, equity capitalization increased to N134.7 trillion from N132.4 trillion recorded by the exchange on Tuesday.

Market breadth was positive, with 38 stocks rising, 37 declining, and 74 stocks unchanged in 46,231 transactions.

A total of 706,392,357 shares were traded worth N41.8 billion.

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Airtel Africa, Aradel and ETI led the gainers chart, with share price growth of 10%, 10% and 9.98% respectively, closing at N2, 746.70, N1406.90 and N55.65 per share, up from N2, 497.00, N1,279.00 and N50.60 per share.

Austin Laz, John Holt and CWG led other price declines, with falls of 9.77%, 9.72% and 7.22% respectively, closing at N3.60, N13.00 and N21.20 per share, down from N3.99, N14.40 and 22.85 per share respectively.

On the volume index, Zenith Bank led trading with 73 million shares in 3,756 transactions, followed by Tantalizers which traded 56 million shares in 320 transactions.

UBA traded 49 million shares in 2,315 transactions.

On the value index, Zenith Bank traded shares worth N8.7 billion in 3,756 transactions, followed by MTN Nigeria, which traded equities worth N4.3 billion in 3,197 transactions.

GTCO traded shares worth N4.0 billion in 2, 396.

Babajide Okeowo