NGX: Investors make N190BN as Guinness, C & I Leasing Lead Gainers

Investors at the Nigerian equity market obtained N190 billion at the close of trade on Thursday.

This follows the surge in stock prices such as Guinness Nigeria, C & I Leasing PLC, and LivingTrust Mortgage Bank, among others, on the trading floor.

The Benchmark All-Share Index (ASI) rose to 140,665.84 points from 140,365.36 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N89,003 trillion from N88.8 trillion posted by Bourse on Wednesday.

The extent of the positive market with 41 advanced shares, 12 shares declined, and the remaining 94 shares did not change in 22,935 offers.

Guinness Nigeria, C & I Leasing PLC, and LivingTrust Mortgage Bank leads other winners with 10% growth in each stock price closed at N143.00, N6.60, and N4.62 from N130.00, N6.00, and N4.20 per previous share.

NEM Insurance Company, Axa Mansard Insurance, and Computer Warehouse Group leads other Decliners with a decrease in stock prices of 9.94%, 4.76% and 4.71% to close in N28.10, N15.99, and N16.20 per share, down from N31.20, N16.79, and N17.00 per previous share.

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

In the volume index, Japaul Gold Ventures led trade with 42 million shares in 204 agreements, followed by Zenith Bank, which was traded 27 million shares in 1,117 offers.

United Bank for Africa exchanged 27 million shares in 866 agreements.

In the value index, the Zenith Bank traded shares worth N1.8 billion in 1, 177 agreement, followed by Nigeria Brewers PLC, who traded equity worth N1.2 billion in 266 agreements.

United Bank for stocks traded by Africa worth N1.2 billion in 866 agreements.

Babajide Okeowo