NGX: Stock market maintains bullish sentiment with N884 billion gain for investors

Investors in the Nigerian equity market earned N884 billion at the close of trading on Tuesday.

This follows a surge in the prices of shares such as Stanbic, ETI and NGX Group, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) index increased to 205,913.93 points from 204,458.86 points on the previous trading day.

After five hours of trading on the capital market, equity capitalization increased to N132.4 trillion from N131.6 trillion recorded by the exchange on Monday.

Market breadth was negative, with 41 stocks rising, 21 declining, and 86 stocks unchanged in 45,777 transactions.

A total of 569,309,034 shares were traded worth N32.2 billion.

Stanbic, ETI and NGX Group led the gainers chart, with share price growth of 10%, 10% and 9.97% respectively, closing at N161.70, N50.60 and N168.75 per share, up from N147.00, N46.00 and N153.45 per share.

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FTG Insure, MC Nichols and Academy Press led other price declines, with falls of 8.20%, 8.17% and 6.96% respectively, closing at N1.12, N6.52 and N7.35 per share, down from N1.22, N7.10 and N7.90 per share respectively.

On the volume index, Access Holding led trading with 67 million shares in 1,858 transactions, followed by Zenith Bank, which traded 39 million shares in 3,207 transactions.

VFD Group traded 37 million shares in 257 transactions.

On the value index, Aradel traded shares worth N5.8 billion in 1,053 transactions, followed by Zenith Bank, which traded equities worth N4.5 billion in 3,207 transactions.

GTCO traded shares worth N3.7 billion in 3,168 transactions.

Babajide Okeowo