NGX: Equities market begins week with N5.1tr profit

Investors in the Nigerian equities market gained N5.1 trillion at the close of trading on Monday to begin the week on a high note.

This followed the surge in the share prices of stocks such as Jaiz Bank, BETAGLAS, and Ikeja Hotel, and Infinity, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 190,262.44 points from the 182,313.08 points recorded on the previous trading day.

After five hours of trading at the capital market, the equity capitalisation surged to N117.0 trillion from N114.6 trillion posted by the bourse on Friday.

The market breadth was positive, with 67 stocks advancing, 27 declining, and 54 remaining unchanged in 64,821deals.

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A total of 1,075,885,250 shares were traded, valued at N64 billion.

Jaiz Bank, BETAGLAS, and Ikeja Hotel led the gainers’ chart, with 10% growth in share prices, respectively, to close at N9.13, N453.20, and N41.80 per share, up from N8.30, N412.00, and N38.00 per share.

RT Briscoe, Deap Cap, and Caverton led other price decliners with a 9.99%, 9.91% and 9.62% dip each in price to close at N15.68, N7.64, and N7.05 per share, down from the previous N17.42, N8.48, and N7.80 per share

On the volume index, Access Holding Company led trading with 86 million shares in 2,618 deals, followed by Oando Plc, which traded 73 million shares in 1,541 deals.

Zenith Bank traded 69 million shares in 3,026 deals.

On the value index, Aradel traded stocks valued at N11 billion in 1,861 deals, followed by MTN Nigeria, which traded equities worth N7.5 billion in 4,767 deals.

Zenith Bank traded shares valued at N5.9 billion in 3,026.

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