NGX: The equity market generates N377 billion in five hours

Investors at the Nigerian equity market obtained N377 billion at the close of trade on Thursday.

This follows the surge in stock prices such as Caverton, Neimeth and VFDgroup among others on the trading floor.

After five hours of trading in the capital market, the capitalization of equity increased to ₦ 65.8 trillion from ₦ 65.4 trillion posted by the stock exchange on Wednesday.

The Benchmark All-Share Index (ASI) crashed 104,788.25 points from 104,187.00 points recorded the previous day.

The extent of the positive market because 44 shares advanced and 11 shares declined, while 67 shares remained unchanged in 12,027 agreements.

Caverton, Neimeth and VFDGroup lead other growth with 10%, 9.92%, and 9.92%growth in the price closed at N2.31, N2.88 and N79.80 from N72.60, N2.62 and N72.60 per previous share.

Also read: Equity Market Opens Weeks with Losses ₦ 658 Billion When Tumble Stocks

ABC Transport, Eterna, and Cap Lead other price determination with 10%, 9.90% and 7.45% stock price reduction to be closed on N1.26, N32.30 and N43.50 from N1.40, N35.85 and N47.00 per previous share.

On the volume index, Access Corp led trade with 77 million shares in 984 agreements followed by Ellah Lakes who were traded 44 million shares in 56 agreements.

Fidelity Bank trade 32 million shares in 443 agreements.

In the value index, the Access Corp traded shares worth N1.6 billion in 984 agreements followed by the Zenith Bank traded by equity worth N1.4 billion in 685 agreements.

MTNN traded shares worth N1.3 billion in 398 agreements.

By: Babajide Okeowo

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