NGX: Zenith Bank leads trading as investors gain N62bn

Investors in the Nigerian capital market gained N62 billion at the close of trading on Tuesday.
This followed an increase in the share prices of stocks like UCAP, CUTIX and SUNU ASSURANCE amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization increased to N56.67 trillion from N56.60 trillion posted by the bourse on Monday.
The All-Share Index (ASI) increased to 100,075.59 from 99,966.28 recorded the previous day.
The market breadth was positive as 219 stocks advanced and 14 declined, while 83 others remained unchanged in 8,151 deals.
UCAP, CUTIX, and SUNU ASSURANCE led other gainers with 10%, 9.84%, and 7.75% growth in share price each to close at N33.00, N5.58, and N1.39 from the previous N30.00, N5.08, and N1.29 per share.
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On the flip side, REDSTAREX, DEAPCAP and ETERNA led other price decliners as they shed 9.82%, 5.77%, and 4.44% each to close at N3.95, N0.49, and N17.20 from the initial N4.38, N0.52, and N18.00 per share.
On the volume index, ZENITH BANK led trading with 57 million shares valued at N2.24 billion in 656 deals followed by ACCESS CORP which traded 36 million shares valued at N707 million in 824 deals.
GTCO traded 26 million shares valued at N1.32 billion in 439 deals.
On the value index, ZENITH BANK recorded the highest value for the day trading stocks worth N2.24 billion in 656 deals followed by GTCO which traded equities worth N1.32 billion in 439 deals.
ACCESS CORP traded stocks worth N707 million in 824 deals.
By: Babajide Okeowo
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