NGX: Equity market generated N21 billion profit for investors

Investors in the Nigerian equity market earned N21 billion at the close of trading on Thursday.

This follows a surge in the prices of shares such as Legend Internet, Zichis and Premier Paints, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 200,957.89 points from 200,925.75 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization jumped to N128.9 trillion from N128.9 trillion recorded by the exchange on Wednesday.

Market breadth was negative, with 30 stocks rising, 36 declining, and 82 stocks unchanged in 42,222 transactions.

A total of 678,128,718 shares were traded worth N33.1 billion.

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Premier Paints, Zichis and Legend Internet led the gainers chart, with share price growth of 10%, 10% and 9.92% respectively, closing at N34.10, N12.54 and N34.10 per share, up from N31.00, N11.40 and N7.26 per share.
UPL, Sunu Assurances and Veritas Kapital led the rest of the price declines with price drops of 9.17%, 8.88% and 6.98% respectively to close at N5.45, N4.31 and N2.00 per share, down from the previous N6.00, N4.73 and N2.15 per share.

On the volume index, Access Holding led trading with 134 million shares in 1,693 transactions, followed by Wema Bank which traded 105 million shares in 579 transactions.

Veritas Kapital traded 74 million shares in 236 transactions.

On the value index, MTN Nigeria traded shares worth N11 billion in 3,921 transactions, followed by Access Holding, which traded equities worth N3.4 billion in 1, 693 transactions.

Wema Bank traded shares worth N2.7 billion in 579 transactions.

Babajide Okeowo