Business
NGX: Nigeria’s equities market rebounds with N131bn gain for investors
Investors in the Nigerian equities market gained N131 billion at the close of trading on Tuesday.
This followed a surge in the share prices of stocks like CONOIL, JOHN HOLT, and UBA amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization rose to N58.8 trillion from N58.7 trillion recorded by the bourse on Monday.
The benchmark All-Share Index (ASI) increased to 97,123.61 from 96,907.73 recorded the previous day.
The market breadth was positive as 26 stocks advanced and 21 stocks declined, while 72 stocks remained unchanged in 10,679 deals.
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CONOIL, JOHN HOLT, and UBA led other gainers with 9.93%, 9.92%, and 9.87% growth each in share prices to close at N208.10, N3.99, and N35.05 from the previous N189.30, N3.63 and N31.90 per share.
OANDO, DAAR COMMUNICATION, and REGALINS led other price decliners with 9.98%, 9.68%, and 6.52% decline each in share prices to close at N72.65, N0.56, and N0.43 from the previous N80.70, N0.62 and N0.46 per share.
On the volume index, UBA led trading with 201 million shares in 1,479 deals followed by ZENITH BANK which traded 46 million shares in 592 deals.
VERITASKAP traded 34 million shares in 218 deals.
On the value index, UBA traded stocks worth N6.7 billion in 1,479 deals followed by JULIUS BERGER which traded equities worth N4.5 billion in 119 deals.
ZENITH BANK traded shares valued at N1.9 billion in 592 deals.
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