Equities market inches up marginally as investors gain N8bn

The Nigerian equities market closed positively on the trading floor of the Nigerian Exchange Group (NGX) on Tuesday, November 26, 2024, as investors gained N8bn.

This followed a surge in the share prices of stocks like HMCALL, SUNUASSUR, and JAPAULGOLD amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization N59.177 trillion from N59.169 trillion that was recorded by the bourse on Monday.

The benchmark All-Share Index (ASI) increased to 97,639.88 from 97,626.27 recorded the previous trading day.

The market breadth was negative as 24 stocks advanced and 25 stocks declined, while 73 stocks remained unchanged in 9,305 deals.

HMCALL, SUNUASSUR, and JAPAULGOLD led other gainers with 9.98%, 9.80% and 9.72% growth each in share prices to close at N6.17, N3.81, and N2.37 from the previous N5.61, N3.47 and N2.16 per share.

MULTIVERSE, TANTALIZER, and UPDCREIT led other price decliners with 9.92%, 9.30%, and 9.01% decline each in share prices to close at N5.90, N1.17, and N5.05 from the previous N6.55, N1.29 and N5.55 per share.

On the volume index, HMCALL led trading with 177 million shares in 43 deals followed by TANTALIZER which traded 36 million shares in 458 deals.

UBA traded 29 million shares in 625 deals.

On the value index, HMCALL topped as the securities traded stock worth N1 billion in 43 deals followed by WAPCO which traded equities worth N978 million in 499 deals.

UBA traded shares valued at N947 million in 625 deals.

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