Business
NGX: Equities market recovers as investors gain N117bn
The Nigerian equities market recovered from trading losses on Thursday as investors gained N117 billion at the close of the day’s trading.
This followed the increase in the share prices of stocks like Oando, Julius Berger, and Cornerstone, amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization surged to N55.3 trillion from N55.2 trillion recorded by the bourse on Wednesday.
The All-Share Index (ASI) also increased to 96,407.88 from 96,203.65.
The market breadth was positive 25 stocks advanced and 23 stocks declined, while 70 stocks remained unchanged in 9,851 deals.
READ ALSO: Investors lose N113bn amid suspension of stocks by NGX
Oando, Julius Berger, and Cornerstone led other gainers with 9.98%, 9.97%, and 9.88% growth each in share prices to close at N69.95, N172.60, and N2.78 from the previous N63.60, N156.95, and N2.53 per share.
On the flip side, Scoa, Japaul Gold, and Tantalizers led other price decliners as they shed 9.79%, 7.41%, and 6.76% each to close at N1.75, N2.50, and N0.69 from the initial N1.94, N2.70, and N0.74 per share.
On the volume index, CONHALLPLC led trading with 505 million shares valued at N673 million in 61 deals followed by FBNH which traded 64 million shares valued at N1.410 billion in 294 deals.
ACCESS CORP traded 46 million shares valued at N890 million in 423 deals.
On the value index, FBNH recorded the highest value for the day trading stocks worth N1.4 billion in 294 deals followed by ACCESS CORP which traded equities worth N890 million in 423 deals.
GTCO traded shares valued at N699 million in 351 deals.
By: Babajide Okeowo
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