Nigeria’s equities market closes trading with N305bn profit for investors 

Investors in the Nigerian equities market gained N305 billion at the close of trading on Thursday. 

This followed a surge in the share prices of stocks like VITAFOAM, ARADEL, and FT COCOA amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to N59.2 trillion from N58.9 trillion recorded by the bourse on Wednesday.

The benchmark All-Share Index (ASI) increased to 97,783.81 from 97,296.57 recorded the previous day.

The market breadth was negative as 27 stocks advanced and 29 stocks declined, while 66 stocks remained unchanged in 8,404 deals.

VITAFOAM, ARADEL, and FTN COCOA led other gainers with 9.81%, 9.23%, and 7.82% growth each in share prices to close at N23.50, N517.00, and N1.93 from the previous N21.40, N473.30 and N1.79 per share.

READ ALSO: Eunisell, Aradel, John Holt, Conoil, others top list of stocks to watch this week

PRESTIGE, UNILEVER, and AUSTINLAZ led other price decliners with 10%, 9.97%, and 9.96% decline each in share prices to close at N0.81, N26.65, and N2.17 from the previous N0.90, N29.60 and N2.41 per share.

On the volume index, FBNH led trading with 166 million shares in 296 deals followed by HM CALL which traded 119 million shares in 146 deals.

GUINEA INSURANCE traded 41 million shares in 113 deals.

On the value index, FBNH traded stocks worth N4.1 billion in 296 deals followed by OANDO which traded equities worth N1.2 billion in 682 deals.

WAPCO traded shares valued at N827 million in 208 deals.

By: Babajide Okeowo

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