NGX: The equity market cancels 5-day defeats because investors get the N520BN

The Nigerian equity market yelled at a five -day -old defeat with a profit of N520 billion for investors at the close of trading on Thursday.

This follows the surge in stock prices such as Ellah Lakes PLC, Veritas Kapital Assurance PLC, and Honeywell Flour PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) rose to 138,980.01 points from 138,157.16 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N87.9 trillion from N87.4 trillion posted by Bourse on Wednesday.

The extent of the positive market with 41 advanced shares, 12 shares declined, and 84 remaining shares did not change in 24,612 offers.

Ellah Lakes PLC, Veritas Capital Assurance PLC, and Honeywell Flour PLC leads other growth with 10%, 10% and 9.95% growth in the price closed at N12.98, N1.98, and N23.20 from N11.80 Previously, N1.80, and N21.10 per share.

Also read: NGX: Investors lost N121BN because the bearish sentiment hit the stock market

Austin Laz and PLC companies, Neimeth Pharmaceutical, S and DAAR Communications led other prices with 9.75%, 8.33% and 4.44% decline in stock prices to be closed on N2.87, N6.05, and N0.86 from N3.18, N6.60, and N0.90 per previous share.

In the volume index, Sovereign Insurance PLC led trade with 1.4 billion shares in 124 agreements, followed by Nigerian Brewers PLC, which was traded 41 million shares in 250 agreements.

Fidelity Bank PLC trades 34 million shares in 1,636 offers.

In the value index, Sovereign Insurance PLC trades shares worth N4.2 billion in 124 agreements, followed by Nigerian Brewers PLC, which trades equity worth N2.8 billion in 250 agreements.

Zenith Bank PLC traded shares worth N1.7 billion in 1,325 agreements.

Babajide Okeowo