NGX: Transcohot, Wapic, UPDC, others fetch investors N120bn in profit

The equities market sustained its bullish sentiment on Tuesday as investors gained N120 billion at the close of the day’s trading.

This followed a surge in the share prices of stocks like Transcohot, Wapic and UPDC, amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to N59.9 trillion from N59.8 trillion recorded by the bourse on Monday.

The benchmark All-Share Index (ASI) increased to 98,892.58 from 98,694.80 recorded the previous day.

The market breadth was positive as 23 stocks advanced and 15 stocks declined, while 78 stocks remained unchanged in 6,987 deals

Transcohot, Wapic, and UPDC led other gainers with 9.28%, 9.09%, and 6.90% growth each in share prices to close at N106.00, N0.96, and N1.55 from the previous N97.00, N0.88 and N1.45 per share.

John Holt, Tantalizer, and Dangote Sugar led other price decliners with 9.84%, 9.84%, and 8.82% decline each in share prices to close at N2.75, N0.55, and N31.00 from the previous N3.05, N0.61 and N34.00 per share.

On the volume index, Champion led trading with 255 million shares in 97 deals followed by Japaul Gold which traded 108 million shares in 132 deals.

ACCESS CORP traded 44 million shares in 531 deals.

By: Babajide Okeowo

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