Business
NGX: Equities market sustains bullish sentiment as investors gain N46bn
The Nigerian equities market sustained the bullish sentiment on Tuesday as investors made N46 billion at the close of the day’s trading.
This followed the increase in the share prices of stocks like IMG, CIL EASING, and GUINEAINS amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization surged to N55.67 trillion from N55.60 trillion recorded by the bourse on Monday.
The All-Share Index (ASI) also increased to 96,873.74 from 96,793.95
The market breadth was positive as 29 stocks advanced and 28 stocks declined, while 60 stocks remained unchanged in 12,532 deals.
IMG, CI LEASING, and GUINEAINS led other gainers with 10% growth each in share prices to close at N31.90, N4.07, and N0.55 from the previous N29.00, N3.70, and N0.50 per share.
READ ALSO: MTNN, Zenith, FBNH, Oando others top list of stocks to watch this week
On the flip side, RT Briscoe, Abbeybds, and NSL TECH led other price decliners as they shed 10%, 9.96%, and 9.72% each to close at N2.88, N2.53, and N0.65 from the initial N3.20, N2.81, and N0.72 per share.
On the volume index, ACCESS CORP led trading with 106 million shares valued at N2.04 billion in 444 deals followed by Oando which traded 46 million shares valued at N4.31 billion in 858 deals.
PRESTIGE traded 31 million shares valued at N16 million in 103 deals.
On the value index, Oando recorded the highest value for the day trading stocks worth N4.3 billion in 2,822 deals followed by ACCESS CORP which traded equities worth N2.04 billion in 444 deals.
GTCO traded shares valued at N790 million in 273 deals.
By: Babajide Okeowo
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