NGX: Equity market begins week with N443bn profit for investors

Investors in the Nigerian equities market gained N443 billion at the close of trading on Monday to begin the week on a bullish note.

This followed a surge in the share prices of stocks such as NGX Group, Trans Express, and Mc Nichols, among others on the trading floor.

The benchmark All-Share Index (ASI) increased to 204,458.86 points from the 203,770.42 points recorded on the previous trading day.

After five hours of trading on the capital market, equity capitalisation increased to N131.6 trillion from N131.1 trillion posted by the bourse on Friday.

The market breadth was negative, with 32 stocks advancing, 24 declining, and 92 remaining unchanged in 60,793 deals.

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A total of 470,008,335 shares were traded, valued at N32.4 billion.

NGX Group, Trans Express, and Mc Nichols led the gainers’ chart, with 10%, 9.81% and 9.74% growth each in share prices, respectively, to close at N153.45, N4.14, and N7.10 per share, up from N139.50, N3.77, and N6.47 per share.

Berger, Academy Press, and Caverton led other price decliners, with 9.95%, 9.71%, and 5.98% declines, respectively, to close at N68.35, N7.90, and N5.50 per share, down from N75.90, N8.75, and N5.85 per share, respectively.

On the volume index, Access Holding led trading with 54 million shares in 2,440 deals, followed by GTCO, which traded 43 million shares in 4,388 deals.

Zenith Bank traded 42 million shares in 4,416 deals.

On the value index, Aradel traded stocks valued at N7 billion in 1, 392 deals, followed by GTCO, which traded equities worth N5.8 billion in 4,388 deals.

Zenith Bank traded shares valued at N4.7 billion in 4, 416 deals.

By: Babajide Okeowo

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