Seplat, Flour Mills, others push up capital market as investors gain N241bn

Investors in the Nigerian equities market gained N241 billion at the close of trading on Wednesday.

This followed a surge in the share prices of stocks like Seplat, Flour Mills, Ellah Lakes amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalisation increased to N56.8 trillion from N56.6 trillion recorded by the bourse on Tuesday.

The benchmark All-Share Index (ASI) increased to 98,987.42 from 98,568.59 points recorded on Tuesday.

The market breadth was positive as 29 stocks advanced and 24 stocks declined, while 64 stocks remained unchanged in 9,723 deals.

Seplat, Flour Mills, Ellah Lakes led other gainers with 10 percent, 10 percent and 9.97 percent growth each in share prices to close at N4, 103.10, N60.50, and N4.08 from the previous N3,730.10, N55.00, and N3.71 per share respectively.

On the flip side, MULTIVERSE, CAVERTON and MANSARD led other price decliners as they shed 9.90 percent, 9.86 percent, and 6.78 percent each to close at N9.10, N3.29 and N5.50 from the initial N10.10, N3.65, and N5.90 per share.

On the volume index, Fidelity Bank led trading with 121 million shares valued at N2 billion in 1,014 deals followed by FBNH which traded 108 million shares valued at N3.4 billion in 292 deals.

TRANCORP traded 82 million shares valued at N919 million in 284 deals.

On the value index, FBNH recorded the highest value for the day trading stocks worth N3.4 billion in 292 deals followed by FIDELITY BANK which traded equities worth N2 billion in 1,014 deals.

UBA traded shares valued at N1 billion in 668 deals