NGX: Equity markets continue to grow rapidly as investors earned N1.3tr

Investors in the Nigerian equity market earned N1.3 trillion at the close of trading on Tuesday and continues to rise.

This follows a surge in the prices of shares such as Unilever, UPL and Union Homes REIT, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 250,481.42 points from 244,670.65 points the previous day.

After five hours of trading on the capital market, equity capitalization jumped to N160.6 trillion from N160.2 trillion recorded by the exchange on Monday.

Market breadth was positive, with 42 stocks rising, 31 declining, and 75 stocks unchanged in 80,888 transactions.

A total of 2,027,903,184 shares were traded worth N87.7 billion.

Unilever, UPL and Union Homes REIT led the gainers chart, with growth of 10% each, with share prices closing at N165.00, N4.40 and N84.70 per share, up from N150.00, N4.00 and N77.00 per share.

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Custodian, Honeywell Flour and AIICO led the rest of the price declines, with falls of 9.52%, 8.11% and 7.74% respectively, closing at N81.80, N17.00 and N4.41 per share, down from N89.80, N18.50 and N4.78 per share respectively.

On the volume index, UBA led trading with 203 million shares in 3,593 transactions, followed by Fidelity Bank which traded 81 million shares in 1,445 transactions.

Honeywell Flour traded 72 million shares in 617 transactions.

On the value index, UBA traded shares worth N8.6 billion in 3,593 transactions, followed by Zenith Bank, which traded equities worth N7.3 billion in 5, 342 transactions.

GTCO traded shares worth N7.1 billion in 5,150 transactions.

Babajide Okeowo