Business
NGX: Equities market sustains bullish trend as investors make N104bn
Investors in the Nigerian equities market gained N104 billion at the close of trading on Tuesday.
This followed a surge in the share prices of stocks like NIDF (Nigeria Infrastructure Debt Fund) FBNH (FBN Holdings Plc) and ELLAH LAKES (Ellah Lakes Plc) amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization increased to N56.64 trillion from N56.53 trillion recorded by the bourse on Monday.
The benchmark All-Share Index (ASI) increased to 98,568.59 points from 98,386.60 points recorded on Monday.
The market breadth was positive as 35 stocks advanced and 21 stocks declined, while 61 stocks remained unchanged in 12, 081 deals.
NIDF, FBNH, and ELLAH LAKES led other gainers with 9.94%, 9.93%, and 9.76% growth each in share prices to close at N111.70, N31.00, and N3.71 from the previous N101.60, N28.20, and N3.38 per share.
READ ALSO: NGX: Investors begin week with N51b loss as stocks tumble
On the flip side, OANDO, OKOMU OIL, CAVERTON led other price decliners as they shed 10%, 9.98%, and 9.88% each to close at N72.00, N376.00, and N3.65 from the initial N80.00, N417.70, and N4.05 per share.
On the volume index, Fidelity Bank led trading with 126 million shares valued at N2 billion in 902 deals followed by Transcorp which traded 103 million shares valued at N1.1 billion in 406 deals.
UBA traded 73 million shares valued at N1.8 billion in 839 deals.
On the value index, Fidelity Bank recorded the highest value for the day trading stocks worth N2 billion in 902 deals followed by UBA which traded equities worth N1.8 billion in 839 deals.
OANDO traded shares valued at N1.4 billion in 1,085 deals.
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