The Nigerian equities market recovered from several days of losses as investors gained N53 billion at the close of trading on Thursday.
This followed a surge in the share prices of stocks like NNFM, DANGOTE SUGAR, and JOHN HOLT amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose ₦62.3 trillion from ₦62.2 trillion recorded by the bourse on Wednesday.
The benchmark All-Share Index (ASI) increased to 102,183.06 from 102,095.95 points which were recorded the previous day.
The market breadth was positive as 25 stocks advanced and 34 stocks declined, while 62 stocks remained unchanged in 12, 336 deals.
NNFM, DANGOTE SUGAR, and JOHN HOLT led other gainers with 10%, 9.91%, and 9.80% growth each in prices to close at N54.45, N40.50 and N9.30 from the previous N49.50, N36.85 and N8.47 per share.
LIVESTOCK, EUNISELL, and NEIMETH led other price decliners with 10%, 9.97% and 9.83% dip in share prices to close at N5.40, N15.62, and N3.12 from the previous N6.00, N17.35 and N3.46 per share.
On the volume index, GTCO led trading with 65 million shares in 247 deals followed by UNIVERSAL INSURANCE which traded 48 million shares in 243 deals.
FIDELITY BANK traded 45 million shares in 299 deals.
On the value index, GTCO traded stocks worth N3.7 billion in 247 deals followed by DANGOTE CEMENT which traded equities worth N2.4 billion in 899 deals.
ARADEL traded shares valued at N1.7 billion in 101 deals.
By: Babajide Okeowo