NGX: Investors get n1.4tr as market capitalization across the N81TR sign

Investors in the Nigerian equity market obtain N1. 4 trillion at the close of trading on Wednesday.

This follows the surge in stock prices such as Secure Electronic Technology (NSLTech), Omatek Venture PLC, and Eunisell Interlinked PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) rose to 128,967.08 points from 126,689.54 points recorded on Monday.

After five hours of trading in the capital market, the capitalization of equity increased to N81.5 trillion from N80.1 trillion posted a 48 -hour exchange previously.

The extent of the positive market, with 40 advanced shares, 37 shares declined, and the remaining 70 shares did not change in 36, 635 offers.

Secure Electronic Technology (NSLTech), Omatek Venture PLC and Eunisell Interlinked PLC, leading other gainers with 10% growth in the price closed at N1.21, N1.76, and N14.85 from the previous N1.10, N1.60 and N13.50 per share.

Also read: NGX: Investors make N353M as Oando, Chellarms, Transcorp Push Up Stock Market

NPF Microfinance Bank, FTN Cocoa Processors and C&I Leasing PLC leads other prices with 10%, 10% and 9.97% stock price reduction to be closed on N2.43, N7.02 and N7.13 from N2.70, N7.80 and N7.92 per previous share.

In the volume index, the United Bank for Africa (UBA) led the trade with 157 million shares in 2,140 agreements, followed by Zenith Bank PLC, which was traded 66 million shares in 2,568 agreements.

Guarantee Trust Holding (GTCO) traded 48 million shares in 1,912 agreements.

In the value index, the traded uba shares worth N7.6 billion in 2,140 offers, followed by access holdings PLC, which trades equity worth N3.2 billion in 2,157 offers.

Universal Insurance PLC traded shares worth N89 million in 314 agreements.

By: Babajide Okeowo