NGX: Equities market maintains bullish run as investors gain N792bn

The Nigerian equities market continued its bullish run as investors gained N792 billion at the close of trading on Thursday.

This followed a surge in the share prices of stocks like MTN Nigeria, Honey Flour, and Universal Insurance amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to ¦ 64.3 trillion from N63.5 trillion posted by the bourse the previous day.

The benchmark All-Share Index (ASI) increased to 105,530.74 from 104,230.73 recorded on Wednesday.

The market breadth was positive as 34 stocks advanced and 24 stocks declined, while 60 stocks remained unchanged in 13, 010 deals.

MTNN, Honey Flour, and Universal Insurance led other gainers with 10 percent, 9.89 percent, and 9.86 percent growth each in prices to close at N242.00, N9.11 and N0.78 from the previous N220.00, N8.29 and N0.71 per share.

RT Briscoe, Sunu Assurance, and UPDC led other price decliners with 10 percent, 9.99 percent, and 9.50 percent decline each in share prices to close at N2.34, N8.11, and N1.81 from the previous N2.60, N9.0,1 and N2.00 per share

On the volume index, Universal Insurance led trading with 97 million shares in 410 deals followed by AIICO which traded 54 million shares in 382 deals.

Sovereign Trust Insurance traded 24 million shares in 67 deals.

On the value index, Seplat traded stocks worth N4.5 billion in 95 deals followed by MTNN which traded equities worth N1.1 billion in 798 deals.

Presco traded shares valued at N673 million in 248 deals.