NGX Surges: Investors Gain N70bn, PZ Plc Leads Gainers

The Nigerian equity market saw a significant boost with investors gaining N70 billion in a single day of trading on the NGX. This surge was driven by the increased share prices of companies like PZ Plc, Eterna Plc, and Champion Breweries.

The All-Share Index (ASI) recorded a notable increase, leading to a rise in equity capitalization to trillions of naira. Market breadth was positive with 34 stocks advancing, while 26 declined, and 87 remained unchanged.

Notably, PZ Plc, Eterna Plc, and Champion Breweries were among the top gainers. Trading volumes were led by United Bank for Africa, Wema Bank Plc, and First HoldCo Plc.

Overall, the market witnessed a bullish trend with several key players driving the positive momentum.