NGX: Investors get N568BN in five hours

Investors at the Nigerian equity market obtained N568 billion at the close of trade on Wednesday.

This follows the surge in stock prices such as FTN Cocoa, Livestock Feed PLC and Eterna PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) jumped to 145,719.09 points from 144,995.26 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N92.4 trillion from N91.9 trillion posted by Bourse on Tuesday.

The extent of the positive market with 29 advanced shares, 34 shares declined, and the remaining 84 shares did not change in 25,597 offers.

FTN Cocoa, PLC and Eterna PLC livestock feeds led other strengthening with 8.89%, 7.43% and 6.96% of respective growth in stock prices to be closed at N6.00, N7.95, and N41.50 from the previous N5.51, N7.40, and N38.80 per share.

Also read: NGX: Bearish sentiment remains in the stock market because investors lose N367BN

Industrial and medical gas, LivingTrust Mortgage Bank, and Sunu Assurance PLC led other prices with a decrease in stock prices of 9.97%, 9.93%, and 9.48%to be closed in N32.95, N5.35, and N5.25 per share, down from the previous N36.60, N5.94, and N5.94 per share.

In the volume index, the PLC Consolidated PLC Hallmark led trade with 83 million shares in 100 agreements, followed by FirstBank Holdco, which was traded 36 million shares in 341 offers.

Jaiz Bank trades 28 million shares in 595 agreements.

In the value index, Stocks Trust Trust Holding Co which was traded worth N1.7 billion in 928 agreements, followed by Lafarge Wapco, who traded equity worth N1.3 billion in 282 agreements.

Aradel Holding PLC traded shares worth N1.3 billion in 492 agreements.

Babajide Okeowo