Business
NGX: Investors make N146bn as equities market rebounds from previous losses
The equities market rebounded on Friday as investors gained N146bn at the close of the day’s trading.
This followed the increase in the share prices of stocks like Oando, Total, and Cornerstone amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to N55.1 trillion from N54.9 trillion recorded by the bourse on Thursday.
The All-Share Index (ASI) also increased to 95,973.45 from 95,718.05 recorded the previous day.
The market breadth was positive as 31 stocks advanced and 10 declined, while 77 others remained unchanged in 7, 351 deals.
Oando, Total, and Cornerstone led other gainers with 10%, 9.98%, and 9.95% growth each in share prices to close at N47.85, N563.00, and N2.32 from the previous N43.50, N511.90, and N2.11 per share.
READ ALSO: NGX: Investors lose N84b as stocks tumble
On the flip side, FTN COCOA, CUTIX, and INTERNATIONAL BREWERIES led other price decliners as they shed 5%, 4.91%, and 4.44% each to close at N1.90, N3.10, and N4.30 from the initial N2.00, N3.26, and N4.50 per share.
On the volume index, ACCESS CORP led trading with 36 million shares valued at N716 million in 520 deals followed by VERITASKAP which traded 27 million shares valued at N340 million in 123 deals.
FCMB traded 24 million shares valued at N12 million in 126 deals.
On the value index, ACCESS CORP recorded the highest value for the day trading stocks worth N716 million in 520 deals followed by Oando which traded equities worth N612 million in 371 deals.
GTCO traded shares valued at N513 million in 225 deals.
By: Babajide Okeowo
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