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NGX: Equities market records week’s first gain as investors make N215bn
The Nigerian equities market recorded its first gain this week, with investors pocketing ₦215 billion at the close of trading on Thursday.
This followed a surge in the share prices of stocks like TRANSCORP, SCOA, and AFRICAN PRUDENTIAL INSURANCE amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to ₦66.8 trillion from ₦66.6 trillion posted by the bourse on Wednesday.
The benchmark All-Share Index (ASI) increased to 106,780.72 points from 106,436.48 points recorded the previous day.
The market breadth was positive as 35 stocks advanced and 14 stocks declined, while 75 stocks remained unchanged in 11,447 deals.
TRANSCORP, SCOA and AFRICAN PRUDENTIAL INSURANCE led other gainers with 9.98%, 9.88% and 9.87% growth each in prices to close at N51.80, N3.78 and N30.60 from the previous N47.10, N3.44 and N27.85 per share.
READ ALSO: Equities market closes week with N91bn profit for investors
SUNU ASSURANCE, REDSTAREX, and MRS led other price decliners with 10%, dip in share prices to close at N4.77, N5,94 and N166.50 from the previous N5.30, N6.60 and N185.00 per share.
On the volume index, GTCO led trading with 49 million shares in 403 deals followed by ACCESS CORP, which traded 43 million shares in 856 deals.
ZENITH BANK traded 36 million shares in 736 deals.
On the value index, GTCO traded stocks worth N2.3 billion in 403 deals, followed by ZENITH BANK, which traded equities worth N1.7 billion in 736 deals.
ACCESS CORP traded shares valued at N1 billion in 856 deals.
By: Babajide Okeowo
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