NGX: Equity markets continued strong performance as investors gained N141 billion

Investors in the Nigerian equity market earned N141 billion at the close of trading on Wednesday.

This follows a surge in the prices of shares such as Legend Internet, Zichis and Premier Paints, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 200,925.75 points from 200,705.88 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization jumped to N128.9 trillion from N128.8 trillion recorded by the exchange on Tuesday.

Market breadth was flat, with 32 stocks advancing, 32 declining, and 84 stocks unchanged in 45,641 transactions.

A total of 537,992,152 shares were traded worth N25.3 billion.

Legend Internet, Zichis and Premier Paints led the gainers chart, with share price growth of 10%, 9.93% and 9.93% respectively, closing at N7.26, N11.40 and N31.00 per share, up from N6.60, N10.37 and N28.20 per share.

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Fidson, Austin Laz and Company, and Living Trust led other price declines with price drops of 9.97%, 9.89% and 7.08% respectively to close at N94.85, N4.01 and N4.46 per share, down from the previous N105.35, N4.45 and N4.80 per share.

On the volume index, Wema Bank led trading with 104 million shares in 604 transactions, followed by Access Holding which traded 42 million shares in 1,580 transactions.

Zenith Bank traded 33 million shares in 3,369 transactions.

On the value index, MTN Nigeria traded shares worth N4.2 billion in 4,716 transactions, followed by Zenith Bank, which traded equities worth N3.5 billion in 3,369 transactions.

GTCO traded shares worth N2.8 billion in 1,918 transactions.

Babajide Okeowo