NGX: The equity market recovered from the decline of 3 days, investors get the N505BN

The Nigerian equity market yelled at a three -day -old defeat on Friday because investors received N505 billion at the close of trading that day.

This follows the surge in the stock prices of FTN Cocoa PLC, Beta Glass PLC, and Veritas Kapital Assurance PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) rose to 141,004.14 points from 140,332.44 points recorded the previous day.

After five hours of trading in the capital market, equity capitalization also increased to N89.2 trillion from N88,783 trillion posted by Bourse on Thursday.

The extent of the negative market, with 52 advanced shares, 14 shares declined, and the remaining 80 shares did not change in 25,916 offers.

FTN Cocoa PLC, Beta Glass PLC, and Veritas Kapital Assurance PLC leads other visitors with 10% growth in the price closed at N6.60, N449.35, and N1.98 from N6.00, N408.50, and N1.80 per previous share.

Thomas Wyatt PLC, Gemu Power PLC, and Mcnichols PLC led other price rejections with 9.91%, 9.09% and 7.51% of stock prices to be closed at N3.00, N1141.50, and N3.20 from N3.33 before, N1255.50, and N3,46 per share.

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

On the volume index, the First City Monument Bank PLC (FCMB) led trade with 135 million shares in 441 agreements, followed by Nigerian Brewers PLC, which was traded 43 million shares in 237 agreements.

AIICO Insurance PLC trades 43 million shares in 736 agreements.

In the value index, Transcorp Power PLC trades shares worth N8.5 billion in 160 agreements, followed by Nigerian Brewers PLC, which trades equity worth N3.0 billion in 237 agreements.

Guarantee Trust Holding PLC (GTCO) shares traded worth N1.4 billion in 1,130 agreements.

Babajide Okeowo