Investors in the Nigerian equities market gained N628 billion by the close of trading on Wednesda

This followed a surge in the share prices of stocks such as Airtel Africa, Cap and Zichis, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 242,729.51 points from the 241,750.15 points recorded on the previous day.

After five hours of trading on the capital market, equity capitalisation surged to N155.7 trillion from N155.1 trillion posted by the bourse on Tuesday.

The market breadth was positive, with 48 stocks advancing, 23 declining, and 77 remaining unchanged in 85,804 deals.

A total of 1,414,972,650 shares were traded, valued at N59.4 billion.

Airtel Africa, Cap and Zichis led the gainers’ chart, with 10%, 9.99% and 9.97% growth each in share prices, respectively, to close at N3,323.40, N193.20 and N27.58 per share, up from N3,021.30, N175.65, and N25.08 per share.

Sunu Assurance, Guinness and Caverton led other price decliners, with declines of 10.00%, 9.98%, and 8.33%, respectively, to close at N4.05, N402.60, and N5.50 per share, down from N4.50, N447.30, and N6.00 per share, respectively.

On the volume index, Access Holding led trading with 85 million shares in 3, 203 deals, followed by Chams which traded 83 million shares in 1, 469 deals.

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Secure Electronics traded 59 million shares in 380 deals.

On the value index, MTNN traded stocks valued at N7.5 billion in 10,730 deals, followed by Zenith Bank, which traded equities worth N7.1 billion in 6, 914 deals.

GTCO traded shares valued at N6.2 billion in 4,568 deals.

Babajide Okeowo