NGX: Zenith Bank leads trading as investors rake in N62 billion

Investors in the Nigerian capital market made a profit of N62 billion at the close of trading on Tuesday.

This follows the increase in stock prices such as UCAP, CUTIX and SUNU ASSURANCE among others on the trading floor today.

After five hours of trading in the capital market, equity capitalization increased to N56.67 trillion from N56.60 trillion posted by the exchange on Monday.

The All Share Index (ASI) rose to 100,075.59 from 99,966.28 recorded the previous day.

Market breadth was positive as 219 stocks rose and 14 stocks fell, while 83 stocks remained unchanged in 8,151 trades.

UCAP, CUTIX, and SUNU ASSURANCE led other gainers with share price growth of 10%, 9.84%, and 7.75% respectively to close at N33.00, N5.58, and N1.39 from N30.00, N5.08, and N1.29 per share previously.

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On the other hand, REDSTAREX, DEAPCAP and ETERNA led the other price decliners as they fell by 9.82%, 5.77% and 4.44% respectively to close at N3.95, N0.49 and N17.20 from initial prices of N4.38, N0.52 and N18.00 per share.

On the volume index, ZENITH BANK led the trade with 57 million shares worth N2.24 billion in 656 deals followed by ACCESS CORP which traded 36 million shares worth N707 million in 824 deals.

GTCO traded 26 million shares worth N1.32 billion in 439 transactions.

On the value index, ZENITH BANK recorded the highest value for daily traded shares worth N2.24 billion in 656 transactions followed by GTCO which traded equities worth N1.32 billion in 439 transactions.

ACCESS CORP traded shares worth N707 million in 824 deals.

By: Babajide Okeowo

NGX: Zenith Bank leads trading as investors rake in N62 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.