NGX: Equity Market Maintains a Bullish Running when Investors get N396BN

Investors in the Nigerian equity market obtained N396 billion at the close of trade on Tuesday.

This follows the surge in stock prices such as Dangote Sugar, PLC initiatives and Sovereign Trust Insurance, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 132,451.73 points from 131,826.70 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 positive market, with 36 advanced shares, 34 shares declined, and 74 remaining shares did not change in 32,734 offers.

Dangote Sugar, PLC initiatives, and Sovereign Trust Insurance lead other gainers with 10% growth each in prices closed on N7.26, N2.20, and N4.07 from N6.60, N2.00 and N3.70 per previous share.

Also read: NGX: Investors make N824BN as NCR, Learn Africa Top Gainers

Ellah Lakes PLC, Legend Internet and FTN Cocoa PLC led other prices with 10%, 10% and 9.91% of stock price reductions to N9.90, N5.31 and N6.09 from N11.00, N5.90 and N6.76 per previous share.

In the volume index, the Access Holdings PLC led trade with 102 million shares in 1, 708 agreement, followed by Ellah Lakes PLC, which was traded 56 million shares in 869 offers.

United Bank of Africa PLC (UBA), traded 48 million shares in 1,517 offers.

In the value index, Lafarge traded shares worth N3.8 billion in 1,183 agreements, followed by a guarantee of Holding Trust (GTCO), which trade equity worth N3.1 billion in 1,490 agreements.

Holding Access Holding PLC is traded by N2.7 billion shares in 1,703 agreements.

By: Babajide Okeowo