NGX: Equity market recovers as investors gain N343 billion

Investors in the Nigerian equity market made a gain of N343 billion at the close of trading on Tuesday.

This follows the increase in share prices of stocks such as SFS REIT, RT BRISCOE, and CAVERTON among others on the trading floor.

After five hours of trading in the capital market, equity capitalization increased to N55.6 trillion from N55.2 trillion recorded by the bourse the previous day.

The benchmark All-Share Index (ASI) rose to 96,802.80 from 96,205.84.

Market breadth was positive as 30 stocks advanced and 18 stocks declined, while 65 stocks remained unchanged in 12,241 trades.

SFS REIT, RT BRISCOE and CAVERTON led other gainers with share prices growing by 9.98%, 9.93% and 9.77% respectively to close at N163.15, N3.10 and N1.91 from N148.35, N2.82 and N1.74 per share respectively.

On the other hand, LEARN AFRICA, JAPAUL GOLD and AIICO led other price decliners as they fell by 9.69%, 6.67% and 4.39% respectively to close at N3.73, N2.52 and N1.09 from initial prices of N4.13, N2.70 and N1.14 per share.

On the volume index, OANDO led the trade with 58 million shares worth N5.5 billion in 2,577 deals followed by ACCESS CORP which traded 30 million shares worth N557 million in 729 deals.

JAPAUL GOLD traded 28 million shares worth N467 million in 384 deals.

On the value index, OANDO recorded the highest value for daily traded equities worth N5.5 billion in 2,577 transactions followed by GTCO which traded equities worth N860 million in 279 transactions.

ACCESS CORP traded shares worth N557 million in 729 deals.

By: Babajide Okeowo

NGX: Equity market recovers as investors rake in N343 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.