Equities market begins week in green as investors gain N137bn

The Nigerian equities market began the week in the green zone on Monday, December 23, 2024, as investors gained N137 billion on the trading floor of the Nigerian Exchange Group (NGX).

This follows a surge in the share prices of stocks OKOMUOIL, MRS, and MANSARD amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to N61.441 billion from N61.303 trillion which was recorded by the bourse on Friday.

The benchmark All-Share Index (ASI) increased to 101,356.15 points from the 101,129.09

Points recorded on Friday last week.

The market breadth was positive as 53 stocks advanced and 19 stocks declined, while 48 stocks remained unchanged in 12,490 deals.

OKOMUOIL, MRS, and MANSARD led other gainers with 10% growth each in share prices to close at N403.70, N198.00 and N8.25 from the previous N367.00, N180.00 and N7.50 per share.

AUSTINLAZ, ARADEL, and OANDO led other price decliners with 9.84%, 9.64%, and 8.63% decline each in share prices to close at N1.65, N600.00, and N63.50 from the previous N5.10, N730.40 and N1.60 per share.

On the volume index, GTCO led trading with 39 million shares in 345 deals followed by JAPAULGOLD which traded 35 million shares in 167 deals.

ZENITHBANK traded 34 million shares in 500 deals.

On the value index, ARADEL topped as the securities traded stock worth N3.7 billion in 619 deals followed by GTCO which traded equities worth N2.2 billion in 345 deals.

ZENITHBANK traded shares valued at N1.5 billion in 500 deals.

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