NGX: SCOA, Jaiz Bank Lead Gainers as an investor makes the N643BN in five hours

Investors in the Nigerian equity market obtained N643 billion at the closing of trade on Wednesday.

This follows the surge in stock prices such as Scoa Nigeria, Learn Africa PLC and Jaiz Bank PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 145,813.86 points from 144,796.37 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N92.2 trillion from N91.6 trillion posted by Bouures on Tuesday.

The extent of the positive market, with 53 advanced shares, 26 shares declined, and the remaining 67 shares did not change in 35,137 offers.

SCOA, Learn Africa PLC, and Jaiz Bank PLC leads other gainers with 10% growth in the price closed at N5.50, N6.27, and N4.30 from N5.00, N5.70 and N4.73 per previous share.

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The Nigerian exchange group, Real Estate Union Homes, and UAC Nigeria PLC led other prices with a decrease in stock prices of 10% to closed on N5.94, N8.45 and N8.95 from the previous N6.59, N9.35 and N9.90 per share.

In the volume index, Linkage Assurance led the trade with 562 million shares in 209 agreements, followed by sterling banks traded 183 million shares in 1, 089 offers.

AIICO Insurance PLC trades 90 million shares in 181 agreements.

In the value index, the Zenith Bank PLC shares traded worth N4.5 billion in 1, 178 agreement, followed by MTN Nigeria, who trade equity worth N1.7 billion in 1,752 agreements.

United Bank of Africa (UBA), shares traded worth N1.6 billion in 1, 732 agreement.

By: Babajide Okeowo