NGX: Investors make N131bn profit after Eid-el-Maulud holiday

The Nigerian equities market returned from the Eid-il-Maulud holiday on Tuesday with N131 billion profit for investors.

This followed a surge in the share prices of stocks like FLOUR MILL, FBNH (First Bank of Nigerians Holdings), and VITAFOAM amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to N56.1 trillion from N56.00 trillion recorded by the bourse before the holiday.

The benchmark All-Share Index (ASI) increased to 97,685.64 from 97,456.62.

The market breadth was positive as 26 stocks advanced and 24 stocks declined, while 67 stocks remained unchanged in 8,803 deals.

FLOUR MILL, FBNH, and VITAFOAM led other gainers with 10%,10%, and 9.94% growth each in share prices to close at N59.95, N31.90, and N19.90 from the previous N54.50, N29.00, and N18.10 per share.

On the flip side, ETERNA, OANDO, and ABBEYBDS (Abbey Mortgage Bank Plc) led other price decliners as they shed 10%, 9.94%, and 9.88% each to close at N27.90, N80.20 and N2.28 from the initial N31.00, N89.05, and N2.28 per share.

READ ALSO: Investors lose N113bn amid suspension of stocks by NGX

On the volume index, JAPAUL GOLD led trading with 72 million shares valued at N278 million in 191 deals followed by TRANSCORP which traded 46 million shares valued at N562 million in 562 deals.

FBNH traded 46 million shares valued at N1.4 billion in 791 deals.

On the value index, FBNH recorded the highest value for the day trading stocks worth N1.4 billion in 791 deals followed by OANDO which traded equities worth N1.3 billion in 1,240 deals.

GEREGU traded shares valued at N1.3 billion in 167 deals.

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