NGX: Investors gain N465bn as equity market begins week on a bullish sentiment

Investors in the Nigerian equities market gained N465 billion at the close of trading on Monday.

This followed the surge in the share prices of stocks such as Sovereign Insurance, Regal Insurance and Transcorp Power, among others, on the trading floor.

The benchmark All-Share Index (ASI) surged to 147,717.22 points from the 146,988.04 points recorded the previous day.

After five hours of trading at the capital market, the equity capitalisation increased to N93.7 trillion from N93.2 trillion posted by the bourse on Friday.

The market breadth was flat with 2254 stocks advancing, 25 stocks declining, and 97 stocks remaining unchanged in 31,563 deals.

An aggregate of 624,608,825 units of shares was traded, valued at N13.4bn

Sovereign Insurance, Regal Insurance and Transcorp Power led other gainers with 9.97%, 9.68% and 8.92% growth each in share prices to close at N3.53, N1.36, and N342.00 from the previous N3.21, N1.24, and N314.00 per share.

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Tripple Gee, Wema Bank Plc, and LivingTrust Mortgage Bank Plc led other price decliners with a 9.92%, 4.51%, and 3.85% dip in share price to close at N5.45, N19.05, and N5.00 per share, down from the previous N6.05, N19.95, and N5.20 per share.

On the volume index, Consolidated Hallmark Plc led trading with 210 million shares in 127 deals, followed by Fidelity Bank Plc, which traded 47 million shares in 733 deals.

Chams Plc traded 43 million shares in 825 deals.

On the value index, MTN Nigeria traded stocks valued at N2.6 billion in 1, 887 deals, followed by Zenith Bank, which traded equities worth N1.4 billion in 1, 714 deals.

Guaranty Trust Holding traded shares valued at N1 billion in 1, 363 deals.

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