NGX: The equity market ends the week with the profit N793BN for investors

The Nigerian equity market closed the Sunday trading on Friday with N793 billion profits for investors.

This follows the surge in stock prices such as Ikeja Hotel PLC, Unilever Nigeria and Champions Brewers, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 134,452.93 points from 133,199.99 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to N85.05 trillion from N84.26 trillion posted by Bourse on Thursday.

The extent of the positive market, with 46 advanced shares, 33 shares declined, and the remaining 68 shares did not change in 24,880 offers.

Ikeja Hotel PLC, Unilever Nigeria, and Brewers Champions lead other acquisitions with 10% growth each in prices closed on N23.10, N68.20, and N12.32 from N21.00, 62.00 and N11.20 shares.

Also read: NGX: Equity Market Supports Bullish with N473BN profits for investors

Triple G, Tantalizer Nigeria and Sunu Assurance PLC led other prices with 10%, 8.55% and 6.64% of stock price reductions to N3.51, N2.46 and N4.64 from N3.90, N2.69 and N4.97 per previous share.

In the volume index, the Access Holdings PLC led trade with 42 million shares in 1,395 offers, followed by Universal Insurance PLC which was traded 40 million shares in 158 offers.

Tantalizer Nigeria trade 32 million shares in 123 agreements.

In the value index, Stocks Trust Trust Holding (GTCO) which is traded worth N2.6 billion in 904 agreements, followed by Okomu Oil PLC, which trades equity worth N2.5 billion in 1,260 agreements.

Stocks traded by PLC septic worth N1.8 billion in 150 agreements.

By: Babajide Okeowo