NGX: Investors begin week with N1.4tr profit as equities market boom continues

Investors in the Nigerian equities market gained N1.4 trillion at the close of trading on Monday to begin the week with a boom.

This followed the surge in the share prices of stocks such as May & Baker, Cap, and Daar Communication, among others, on the trading floor.

The benchmark All-Share Index (ASI) increased to 173,946.22 points from the 171,727.49 points recorded on the previous trading day.

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After five hours of trading at the capital market, the equity capitalisation surged to N111.5 trillion from N110.4 trillion posted by the bourse on Friday.

The market breadth was positive, with 60 stocks advancing, 19 declining, and 69 remaining unchanged in 65,960 deals.

A total of 775,177,168 shares were traded, valued at N27.9 billion.

May & Baker, Cap, and Daar Communication led the gainers’ chart, with 10% growth in share prices, respectively, to close at N43.45, N90.20, and N2.09 per share, up from N39.50, N82.00, and N1.90 per share.

Enisell Interlink, Tripple G, and Abbey Mortgage led other price decliners with a 9.98%, 8.90% and 8.03% dip each in share price to close at N134.85, N6.65, and N13.75 per share, down from the previous N149.80, N7.30, and N14.95 per share

On the volume index, Access Holding Plc led trading with 67 million shares in 2,248 deals, followed by Zenith Bank, which traded 46 million shares in 2,584 deals.

Secure Electronics traded 43 million shares in 443 deals.

On the value index, Zenith Bank traded stocks valued at 3.4 billion in 2,584 deals, followed by Aradel, which traded equities worth N2.7 billion in 1,729 deals.

MTN Nigeria traded shares valued at N2.4 billion in 4,882 deals.

By Babajide Okeowo 

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