NGX: Equity Market Maintains a Bullish Running because Investors get the N67BN

Investors at the Nigerian equity market obtained N67 billion at the close of trade on Wednesday.

This follows the surge in stock prices such as the PLC Academy Press, PLC Initates and Ikeja Hotel PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 132,557.43 points from 132,451.73 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to N83.7 trillion from N83.3 trillion posted by Bourse on Monday.

The extent of the negative market, with 29 advanced shares, 37 shares declined, and the remaining 78 shares did not change in 26,931 offers.

Academy PLC Press, PLC and Ikeja Hotel PLC initiative leads other strengthening with 10% growth each in the price closed on N7.70, N13.34, and N21.00 from N7.00, N12.13 and N19.10 per previous share.

Also read: NGX Roundup: The positive momentum of the equity market remains because investors get N3.4Tr

Austin Laz & Company, Tripple G and Omatek Ventures PLC led other prices with a price decline of 10%, 9.96% and 9.72% to be closed on N2.34, N3.89 and N1.30 from N2.60, N3.89 and N1.44 per previous share.

In the volume index, the Access Holdings PLC led the trade with 98 million shares in 1, 575 offers, followed by Ellah Lakes PLC, which was traded 61 million shares in 624 offers.

Japaul Gold Ventures was traded 49 million shares in 257 agreements.

In the value index, the stock traded access holding PLC worth N2.7 billion in 1,575 offers, followed by Dangote Cement PLC, which trade equity worth N1.2 billion in 570 offers.

Aradel PLC traded shares worth N1.2 billion in 640 agreements.

By: Babajide Okeowo