NGX: Investors get N321BN in post-easy trading

Nigeria’s equity market returns from Easter holidays in a bullish mood because investors get N321 billion on Tuesday.

This follows the surge in stock prices such as the international beer factory, the Nigerian beer factory, and the Japaul Gold and Ventures PLC (Japagold), among others, on the trading floor.

After five hours of trading in the capital market, the capitalization of equity rose to ₦ 65.8 trillion from ₦ 65.4 trillion recorded by Bourse on Thursday.

The federal government declared Friday and Monday as a public holiday to mark Easter, an annual ritual that celebrated the crucifixion and resurrection of Jesus Christ.

The Benchmark All-Share Index (ASI) increased to 104,744.98 points from 104,233.81 recorded on the previous day.

The extent of the positive market because 40 shares advanced, 19 shares declined, and 64 shares remained unchanged in 13,734 agreements.

Also read: Abbeybds, NB, ABC Trans Emerged as the top stock to watch this week

International Breweries, Nigerian Factory, and Japaul Gold led other strengthening with 10%, 9.94%, and 9.79%of respective growth in prices closed on N6.05, N39.80 and N2.13 from N5.50, N36.20 and N1.94 per previous share.

International Energy Insurance (Intenegin), Secure Electronic Technology (NSLTech), and University Press Ltd (UPL) led other prices with 9.46%, 8.93% and 8.82% of stock prices to be closed on N1.34, N0.51 and N3.10 from N1.48 before, N0.56 and N3.41.

On the volume index, the Access Holdings PLC (Access Corp) led trade with 38 million shares in 1,057 agreements followed by Fidelity Bank PLC traded 34 million shares in 516 offers.

Chams PLC (Chams) traded 29 million shares in 176 agreements.

In the value index, Zenith Bank PLC trades shares that collect N1 billion in 865 agreements followed by access holdings PLC (access corp) which trade equity worth N875 million in 1,057 offers.

Fidelity Bank PLC trades shares worth N651 million in 516 agreements.

By: Babajide Okeowo

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