The Nigerian equities market began the week on a positive note on Monday, October 14, 2024 as investors gained a massive N3.4 trillion at the end of trading on the floor of the Nigerian Exchange Group (NGX).
This followed a surge in the share prices of stocks like Wapic, ConhallPlc, Nascon amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to N59.510 trillion from N56.088 trillion recorded by the bourse last week’s Friday.
The benchmark All-Share Index (ASI) increased to 98,215.13 from 97,606.63 recorded the previous trading day.
The market breadth was negative as 18 stocks advanced and 31 stocks declined, while 66 stocks remained unchanged in 7,091 deals.
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WAPIC, CONHALLPLC and NASCON led other gainers with 10%, 9.35%, and 6.67% growth each in share prices to close at N0.88, N1.52, and N32.00 from the previous N0.80, N1.39 and N30.00 per share.
On the flip side, VITAFOAM, TANTALIZER, INTENEGINS led other price decliners as they shed 9.09%, 8.33%, and 6.37% each to close at N20.00, N0.55 and N1.47 from the initial N22.00, N0.60, and N1.57 per share.
On the volume index, CUTIX led trading with 37 million shares in 46 deals followed by ZENITH BANK which traded 34 million shares in 397 deals.
UBA traded 33 million shares valued in 850 deals.
On the value index, ARADEL recorded the highest value for the day trading stocks worth N14.4 billion in 174 deals followed by ZENITH BANK which traded equities worth N1.2 million in 397 deals.
UBA traded shares valued at N897 million in 850 deals
By: Babajide Okeowo
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