NGX: Investors gain N3.2tr as equity markets extend bullish sentiment

Investors in the Nigerian equity market earned N3.2 trillion at the close of trading on Thursday.

This follows a surge in the prices of shares such as FTN Kakao, Bua Semen, and Cap on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 242,277.81 points from 237,205.59 points the previous day.

After five hours of trading on the capital market, equity capitalization jumped to N155.9 trillion from N152.7 trillion recorded by the exchange on Wednesday.

Market breadth was positive, with 46 stocks rising, 40 declining, and 42 stocks unchanged in 92,353 transactions.

A total of 1,871,379,752 shares were traded worth N104 billion.

FTN Cocoa, Bua Cement and Cap led the gainers chart, with share price growth of 10% each, closing at N5.50, N418.00 and N145.20 per share, up from N5.00, N380.00 and N132.00 per share.

Aluminum Extrusion, Royalex and Legend Internet led the rest of the price declines, with falls of 9.95%, 9.93% and 9.32% respectively, closing at N9.50, N1.36 and N5.35 per share, down from N10.55, N1.51 and N5.90 per share respectively.

On the volume index, Access Holding led trading with 934 million shares in 572 transactions, followed by LASACO which traded 90 million shares in 361 transactions.

UBA traded 88 million shares in 6,441 transactions.

On the value index, Seplat traded shares worth N25.5 billion in 567 transactions, followed by Access Holding, which traded equities worth N24.3 billion in 3, 572 transactions.

GTCO traded shares worth N7.3 billion in 6,080 transactions.