NGX: UPDC. RT Briscoe led the gainers as investors made N600 billion

Investors in the Nigerian equity market earned N600 billion at the close of trading on Wednesday.

This follows a surge in prices of shares such as UPDC Reit, Intenegins and RT Briscoe, among others, on the stock exchange floor.

The benchmark All-Share Index (ASI) rose to 201,703.55 points from 201,287.78 points recorded the previous day.

After five hours of trading on the capital market, equity capitalization fell to N129.8 trillion from N129.2 trillion recorded by the exchange on Tuesday.

Market breadth was positive, with 50 stocks advancing, 20 declining, and 78 stocks unchanged in 52,641 transactions.

A total of 815,478,185 shares were traded worth N33.2 billion.

UPD Creit, Intenegins and RT Briscoe led the gainers chart, with share price growth of 10%, 9.91% and 8.81% respectively, closing at N7.70, N3.55 and N10.50 per share, up from N7.00, N3.23 and N9.65 per share.

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Omatek, Nestle and FTN Cocoa led other price decliners with price drops of 10%, 10% and 9.97% respectively to close at N1.98, N3,055.50 and N5.33 per share, down from the previous N2.20, N3,395.95 and N5.92 per share.

On the volume index, Wema Bank led trading with 77 million shares in 652 transactions, followed by GTCO which traded 73 million shares in 4,223 transactions.

Access Holding traded 62 million shares in 1,843 transactions.

On the value index, GTCO traded shares worth N8.9 billion in 4,223 transactions, followed by Zenith Bank, which traded equities worth N5.1 billion in 3,308 transactions.

The first holdco traded shares worth N2.9 billion in 479 transactions.

Babajide Okeowo