Investors reap N479bn profit as equities market extends bullish run

Investors in the Nigerian equities market gained N479 billion at the close of trading on Thursday.

This followed the surge in the share prices of stocks such as PZ, The Initiates Place, and Aso Savings & Loans, among others, on the trading floor.

The benchmark All-Share Index (ASI) surged to 154,489.9 points from the 153,736.25 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation increased to N98 trillion from N97.5 trillion posted by the bourse on Wednesday.

The market breadth was negative with 34 stocks advancing, 37 stocks declining, and 75 stocks remaining unchanged in 30,703 deals.

An aggregate of 926,920,179 units of shares was traded, valued at N26.9bn

PZ, The Initiates Place, and Aso Savings & Loans led other gainers with 10%, 10% and 9.09% growth each in share prices to close at N42.90, N14.30, and N0.60 from the previous N39.00, N13.00, and N0.55 per share.

John Holt Plc, Multiverse Mining & Exploration, and Stanbic IBTC led other price decliners with a 9.72%, 9.71%, and 9.15% dip in share price to close at N6.50, N12.55, and N107.20 per share, down from the previous N7.20, N13.90, and N118.00 per share.

On the volume index, Japaul Gold and Ventures Plc led trading with 436 million shares in 283 deals, followed by Fidelity Bank Plc, which traded 77 million shares in 514 deals.

Lafarge Wapco traded 46 million shares in 888 deals.

On the value index Lafarge Wapco traded stocks valued at N6.9 billion in 888 deals, followed by Seplat, which traded equities worth N2.3 billion in 233 deals.

NASCON traded shares valued at N1.9 billion in 288 deals.

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