Investors reap N2.5tr profit, as equities market rebounds

Investors in the Nigerian equities market gained N2.5 trillion at the close of trading on Wednesday.

This followed the surge in the share prices of stocks such as GTCO, Oando, and Zenith Bank, among others, on the trading floor.

The benchmark All-Share Index (ASI) surged to 145,403.83 points from the 141,327.30 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation increased to N92.4 trillion from N89.8 trillion posted by the bourse on Tuesday.

The market breadth was positive with 64 stocks advancing, 11 stocks declining, and 71 stocks remaining unchanged in 24,509 deals.

An aggregate of 806,399,308 units of shares was traded, valued at N50.7 billion

GTCO, Oando, and Zenith Bank led the gainers with 10% growth in share prices, respectively, to close at N85.80, N39.60, and N59.40 per share, up from the previous N78.00, N36.00, and N54.00 per share.

Austin Laz and Company, Vitafoam, and Transcorp Power led other price decliners with a 10% dip each in share price to close at N2.61, N84.60, and N307.80 per share, down from the previous N2.90, N94.00, and N342.00 per share.

On the volume index, Guaranty Trust Holding Company led trading with 104 million shares in 1,079 deals, followed by Zenith Bank, which traded 86 million shares in 698 deals.

Stanbic IBTC traded 43 million shares in 254 deals.

On the value index, Aradel Holdings traded stocks valued at N12.9 billion in 719 deals, followed by Guaranty Trust Holding Company, which traded equities worth N8.9 billion in 1,079 deals.

MTN Nigeria traded shares valued at N5.3 billion in 1,876 deals.

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