NGX: Equities market sustain bullish sentiment as investors gain N271bn - Ripples Nigeria
Connect with us

Business

NGX: Equities market sustain bullish sentiment as investors gain N271bn

Published

on

The equities market sustained the bullish trend on Tuesday as investors gained N271 billion at the close of the day’s trading.

This followed an increase in the share prices of stocks like Total, Julius Berger and John Holt amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to N55.4 trillion from N55.1 trillion recorded by the bourse on Monday.

The All-Share Index (ASI) also increased to 96,510.13 from 96,037.28 recorded the previous day.

The market breadth was positive as 47 stocks advanced and 14 declined, while 54 others remained unchanged in 8, 302 deals.

READ ALSO: Investors lose N113bn amid suspension of stocks by NGX

Total, Julius Berger and John Holt led other gainers with 10% growth each in share prices to close at N619.30, N143.00, and N3.08 from the previous N563.00, N130.00, and N2.08 per share.

On the flip side, UPL, CUTIX and VITAFOAM led other price decliners as they shed 9.58%, 6.25%, 5.17% each to close at N2.17, N3.00 and N18.35 from the initial N2.40, N3.20, and N19.35 per share.

On the volume index, VERITASKAP led trading with 83 million shares valued at N122 million in 355 deals followed by ACCESS CORP which traded 55 million shares valued at N1.06 billion in 377 deals.

UNIVINSURE traded 29 million shares valued at N95 million in 99 deals.

On the value index, ACCESS CORP recorded the highest value for the day trading stocks worth N1.06 billion in 377 deals followed by GTCO which traded equities worth N599 million in 255 deals.

FBNH traded shares valued at N519 million in 405 deals.

By: Babajide Okeowo

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Exit mobile version