NGX: Investors get N212 billion because the equity market maintains the Bullish escape

Investors at the Nigerian equity market obtained N212 billion at the close of trade on Wednesday.

This follows the surge in stock prices such as Chams PLC, Omatek Ventures and Ellah Lakes PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 121,989.67 points from 121,653.93 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to the N76.9 trillion from the N76.7 trillion posted by Bourse on Tuesday.

The extent of the positive market, with 59 advanced shares, 21 shares declined, and 77 remaining shares did not change in 24,303 offers.

Chams PLC, Omatek Ventures, and Ellah Lakes PLC lead other strengthening with 10% growth in the price closed at N2.75, N14.96 and N56.10 from N1.00, N13.60 and N51.00 per previous share.

Also read: NGX: The equity market maintains bullish run with n226bn profit for investors

Internet legend, Guinea Insurance PLC, and Eterna PLC led other prices with 8.05%, 7.14% and 4.65% of stock price reductions to N8.00, N1.04 and N41.00 from N8.70, N1.12 and N43.00 per previous share.

On the volume index, the Japaul Gold and Ventures PLC led the trade with 137 million shares in 683 agreements, followed by the Access Holdings PLC which was traded 83 million shares in 981 agreements.

AIICO Insurance PLC traded 50 million shares in 621 agreements.

In the value index, the PLC access holdings shares traded worth N1.8 billion in 981 offers, followed by a guarantee of Holding PLC (GTCO) confidence, which trades equity worth N1.6 billion in 1,099 agreements.

Aradel Holdings traded shares worth N1.5 billion in 434 agreements.

By: Babajide Okeowo