NGX: Equities market recovers as investors gain N262bn

The Nigerian equities market rebounded from previous losses on Thursday with investors gaining N262 billion at the close of the trading.
This followed an increase in the share prices of stocks like UCAP, OANDO, and AFRIPRUD amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization increased to N56.9 trillion from N56.6 trillion posted by the bourse on Wednesday.
The All-Share Index (ASI) increased to 100,503.21 from the 100,032.32 recorded the previous day.
The market breadth was negative as 23 stocks advanced and 29 declined, while 62 others remained unchanged in 9,013 deals.
UCAP, OANDO, and AFRIPRUD led other gainers with 9.92%, 9.76%, and 9.55% growth in share price each to close at N39.90, N18.55, and N9.75 from the previous N36.30, N16.90, and N8.90 per share.
On the flip side, LINKAGE ASSURANCE, VERITASKAP and VITAFOAM led other price decliners as they shed 10%, 10%, and 9.67% each to close at N0.90, N1.08, and N19.15 from the initial N1.00, N1.20, and N21.20 per share.
On the volume index, GTCO led trading with 39 million shares valued at N1.80 billion in 663 deals followed by VERITASKAP which traded 39 million shares valued at N36 million in 193 deals.
FCMB traded 31 million shares valued at N242 million in 183 deals.
On the value index, AIRTEL AFRICA recorded the highest value for the day trading stocks worth N2.24 billion in 34 deals followed by GTCO which traded equities worth N803 million in 663 deals.
UBA traded stocks worth N689 million in 547 deals.
By: Babajide Okeowo
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