NGX: The equity market supports bullish sentiment because investors get the N465BN

Investors in the Nigerian equity market obtained N465 billion at the close of trade on Tuesday.

This follows the surge in stock prices such as UPDC PLC, Nigerian Enamelware PLC, and Eterna PLC, among others, on the trading floor.

The Benchmark All-Share Index (ASI) jumped to 142,710.48 points from 142,377.56 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity increased to N90.5 trillion from N90.1 trillion posted by Bourse on Monday.

The extent of the negative market with 28 advanced shares, 32 shares declined, and 87 remaining shares did not change in 28,009 agreements.

UPDC PLC, Nigerian Enamelware PLC, and Eterna PLC lead other growth with growth of 9.98%, 9.97% and 9.95% each in stock prices to be closed at N6.61, N38.60, and N33.70 from the previous N3.30, N315.05, and N5.15 per share.

Union Dicon Salt PLC, Brewers Champion, and Royal Exchange Assurance PLC led other prices with 10% 7.09%, and 5.96% of stock price reductions were closed on N8.10, N13.75, and N2.05 per share, down from N9.00, N14.80, and N2.18 per previous share.

Also read: NGX: Bearish sentiment remains in the stock market because investors lose N367BN

In the volume index, Fidelity Bank PLC led trade with 793 million shares in 831 agreements, followed by NCR PLC, which was traded 66 million shares in 43 agreements.

Zenith Bank PLC trades 49 million shares in 1, 667 offers.

In the value index, Fidelity Bank PLC traded shares worth N15.8 billion in 831 agreements, followed by Zenith Bank PLC, who trade equity worth N3.4 billion in 1,667 agreements.

Lafarge Wapco was traded by shares worth N1.2 billion in 353 agreements.

Babajide Okeowo