NGX: Investors get the N948BN in the first August trading

Investors at the Nigerian equity market obtained N948 billion at the close of trade on Friday.

This follows the surge in stock prices such as UAC from Nigeria, Bua Cement PLC and Veritas Kapital Assurance PLC (among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 141,263.05 points from 139,863.52 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to N89.3 trillion from N88.4 posted by Bourse on Thursday.

The extent of the positive market, with 39 advanced shares, 32 shares declined, and the remaining 86 shares did not change in 34,488 offers.

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UAC from Nigeria, Bua Cement PLC and Veritas Capital Assurance PLC lead other growth with growth of 9.96%, 9.63% and 9.45 each in prices closed in N88.30, N148.00, and N1.39 from N80.30, N135.00 and N148.00 per share.

Champion Brewers, Oando PLC and Dangote Sugar PLC lead other prices with 10%, 10% and 10% decreased in stock prices to be closed on N12.51, N53.10 and N66.15 from N13.90, N59.00 and N73.50 per previous share.

In the volume index, First City Monument Bank (FCMB), led trade with 277 million shares in 936 agreements, followed by Fidelity Bank PLC traded 851 million shares in 931 agreements.

Sterling Bank trade 58 million shares in 740 agreements.

In the value index, the shares traded by Aradel Holding worth N3.2 billion in 798 agreements, followed by Zenith Bank PLC who trade equity worth N2.9 billion in 1,421 offers.

The shares traded by FCMB worth N2.8 billion in 936 agreements.

By: Babajide Okeowo