NGX: The equity market maintains running bullish because investors get the N259BN

The Nigerian equity market maintains its bullish escape because investors get N259.48 billion at the close of trade. Tuesday.

This follows the surge in stock prices such as Honeywell Flours PLC, Skye Shelter Fund PLC and SCOA PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 112,427.48 points from 112,015.95 points recorded the previous day.

After five hours of trading in the capital market, the capitalization of equity jumped to the N70.6 trillion from the N70. 4 trillion posted by Bourse on Monday.

The extent of the positive market due to 34 advanced shares, 31 shares declined, and 67 shares remained unchanged in 17,044 agreements.

Honeywell Flours PLC, Skye Shelter Fund PLC and SCOA PLC lead other acquisitions with 10% growth in each price closed at N22.00, N226.60 and N5.39 from N20.00, N206.00 and N4.90 per previous share.

Also read: NGX: Equity Market Starts Sunday with N173 Billion Profit for Investors

CONOIL PLC Learn Africa PLC and Transcorp Hotel leads other prices with 10%, 9.98% and 9.97% of stock price declines to be closed on N268.30, N3.88 and N132.80 from N298.10, N4.31 and N147.50 per previous share.

In the volume index, Fidelity Bank PLC led trade with 108 million shares in 594 agreements, followed by an internet legend traded 60 million shares in 44 agreements.

United Bank of Africa (UBA) trading 55 million shares in 777 agreements.

In the value index, Stocks Trust Trust Holding PLC (GTCO) worth N2.8 billion in 594 agreements, followed by Fidelity Bank PLC who trade equity worth N2 billion in 1, 177 agreements.

The United Bank of Africa (UBA) traded shares worth N1.9 billion in 777 agreements.

By: Babajide Okeowo