NGX: Equity markets recover as investors gain N220 billion

The equity market recovered from yesterday’s slump as investors gained N220 billion by the end of trading on Thursday.

This follows the soaring prices of shares such as Eterna, NPF Microfinance Bank, and Premier Paints on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 196,807.15 points from 196,463.22 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization rose to N126.3 trillion from N126.1 trillion recorded by the exchange on Wednesday.

Market breadth was negative, with 32 stocks rising, 38 declining, and 77 stocks unchanged in 66,286 transactions.

A total of 634,012,355 shares were traded worth N29.1 billion.

READ ALSO: NGX: Bearish sentiment continues in stock market as investors lose N367 billion

Eterna, NPFMCRFBK and Premier Paints led the gainers chart, with share price growth of 10%, 10% and 9.92% respectively, closing at N38.50, N7.15 and N13.30 per share, up from N35.00, N6.50 and N12.10 per share.

TrippleG, Multiverse and Jaiz Bank led the rest of the price declines with price drops of 9.94%, 9.91% and 7.41% respectively to close at N4.26, N20.45 and N10.00 per share, down from the previous N4.73, N22.70 and N10.80 per share.

On the volume index, Jaiz Bank led trading with 137 million shares in 5,222 transactions, followed by GTCO which traded 45 million shares in 2,674 transactions.

Access Holding Plc traded 29 million shares in 2,072 transactions.

On the value index, GTCO traded shares worth N5.4 billion in 2,674 transactions, followed by Aradel, which traded equities worth N4.6 billion in 2,154 transactions.

MTN Nigeria traded shares worth N3 billion in 6,138 transactions.

Babajide Okeowo