NGX: Equities market maintains bullish trend as investors gain N577bn

The Nigerian equities market sustained its positive trend on Thursday as investors gained N577 billion at the close of the day’s trading.

This followed an increase in the share prices of stocks like MTNN, VITAFOAM, and UNILEVER amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalization rose to N55.7 trillion from N55.1 trillion recorded by the bourse on Wednesday.

The All-Share Index (ASI) also increased to 98,116.27 from 97,098.98 recorded the previous day.

The market breadth was positive as 32 stocks advanced and 19 declined, while 63 others remained unchanged in 9, 059 deals.

READ ALSO: NGX: Equities market begins week on bearish trend as investors lose N92bn

MTNN, VITAFOAM, and UNILEVER led other gainers with 10% each in share prices to close at N198.00, N19.25, and N18.70 from the previous N180.00, N17.50, and N17.00 per share.

On the flip side, UCAP, ABBEYBDS, and STERLINGNG led other price decliners as they shed 9.94%, 8.05%, and 5.66% each to close at N14.50, N2.40, and N4.00 from the initial N16.10, N2.61, and N4.24 per share.

On the volume index, ACCESS CORP led trading with 115 million shares valued at N2.2 billion in 662 deals followed by GTCO which traded 109 million shares valued at N5.0 billion in 409 deals.

ABBEYBDS traded 50 million shares valued at N121 million in 17 deals.

On the value index, GTCO recorded the highest value for the day trading stocks worth N5.0 billion in 409 deals followed by ACCESS CORP which traded equities worth N2.2 billion in 662 deals.

SEPLAT traded shares valued at N1.59 billion in 50 deals.

By: Babajide Okeowo

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