NGX: Equity Market Maintains a Bullish Running with N1.09Trn Profits for Investors

Nigeria’s equity market continued on Bullish on Tuesday because investors received N1.09 trillion at the end of trading that day.

This follows the surge in stock prices such as Airtel Africa PLC, Omatek Ventures and Cornerstone Insurance Company, among others, on the trading floor.

The Benchmark All-Share Index (ASI) rose to 111,606.22 points from 109,884.92 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity jumped to N 70.3 trillion from N69.2 trillion posted by Bourse on Monday.

The extent of the positive market because 36 shares advanced, 21 shares declined, and 67 shares remained unchanged in 15,992 agreements.

Airtel Africa PLC, Omatek Ventures and Cornerstone Insurance Company led other growths with growth of 10%, 9.23% and 8.63% each in prices closed on N2, 372.50, N0.71 and N3.40 from N2.156.90, N0.65 and N3.13 per previous share.

McNichols PLC Computer Warehouse Group (CWG) and Champions Brewers lead to other prices with 9.80%, 9.50% and 7.38% of stock price declines to be closed at N2.21, N9.05 and N6.90 from N2.45, N10.00 and N7.45 per previous stock.

In the volume index, Custodian & Allied PLC led trade with 37 million shares in 97 agreements, followed by Fidelity Bank PLC which was traded 36 million shares in 729 agreements.

Veritas Capital Assurance PLC is traded 33 million shares in 138 agreements.

In the value index, the Stock Guaranty Trust Holding Company (GTCO) which is traded worth N1.5 billion in 588 agreements, followed by Zenith Bank PLC who trade equity worth N1.3 billion in 768 agreements.

Custodian & Allied PLC traded shares worth N752 million in 97 agreements.

Join the conversation

Opinion

Supports Nigeria’s ripples, resistant Journalism Solutions

A balanced and fearful journalism that is driven by data comes with enormous financial costs.

As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.

If you like what we do, and ready to uphold journalism solutions, friendly Nigerian ripples cause.

Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.

Donation now