NGX: Equity Market Maintains a Bullish Running because investors get N180BN

Investors in the Nigerian capital market obtained N187 billion at the close of trade on Wednesday.

This follows the surge in stock prices such as the University Press (UPL), Learn Africa PLC, and Nighern Nigeria Flour Mills (NNFM), among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 111,902.61 points from 111,606.22 points recorded on the previous day.

After five hours of trading in the capital market, equity capitalization jumped to N70.5 trillion from N70.3 trillion posted by Bourse on Tuesday.

The extent of the positive market because 39 shares advanced, 28 shares declined, and 61 shares remained unchanged in 16,711 agreements.

University Press (UPL), Learn Africa PLC, and Northern Nigeria Flour Mills (NNFM) leads other retaining with a growth of 10%, 10%, and 9.98%each in the price closed at N5.61, N4.51, and N130.55 of the previous N5.10 per previous, N4.10, and N118.70 per share per share.

Also read: NGX: Equity Market Maintaining Bullish Run with N1.09Trn Profits for Investors

Academy press PLC, Abbey Mortgage Bank PLC, and Sky Aviation PLC leads other prices with 10%, 9.96%, and 9.94%of stock price declines to be closed on N4.05, N6.87, and N59.80 from N4.50, N7.63, and N66.40 per previous share.

In the volume index, the Japaul Gold and Ventures PLC led the trade with 58 million shares in 153 agreements, followed by Fidelity Bank PLC, which was traded 48 million shares in 638 agreements.

Custodian & Allied PLC trade 37 million shares in 157 agreements.

In the value index, MTN Nigeria (MTNN) traded shares worth N4.8 billion in 566 agreements, followed by the Guaranty Trust Holding Company (GTCO), which traded equity worth N2.0 billion in 652 agreements.

Presco PLC traded shares worth N1.9 billion in 372 agreements.

By: Babajide Okeowo

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