Equities market begins week on positive note as investors gain N331bn

The Nigerian equities market began the week on a positive note as investors gained N374bn on the trading floor of the Nigerian Exchange Group (NGX) on Monday, December 16, 2024.

This follows a surge in the share prices of stocks like ROYALEX, INTBREW, and GUINEAINS amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to N60.573 trillion from N60.242 trillion which was recorded by the bourse on Friday last week.

The benchmark All-Share Index (ASI) increased to 99,922.63 points from 99,378.06 points recorded the previous trading day.

READ ALSO: Nigerian stock exchange recovers from Monday loss as Morison, Regal Insurance lead rally

The market breadth was positive as 34 stocks advanced and 25 stocks declined, while 57 stocks remained unchanged in an undisclosed number of deals.

ROYALEX, INTBREW, and GUINEAINS led other gainers with 10%, 9.90% and 9.84% growth each in share prices to close at N0.66, N4.55, and N0.67 from the previous N0.60, N4.14 and N0.61 per share.

UPL, HMCALL, and INTENEGINS led other price decliners with 9.81%, 9.62%, and 9.52% decline each in share prices to close at N3.77, N4.70, and N1.33 from the previous N4.18, N5.20 and N1.47 per share.

On the volume index, STERLINGNG led trading with 196 million shares in 192 deals followed by WEMABANK which traded 150 million shares in 89 deals.

ETRANZACT traded 70 million shares in 25 deals.

On the value index, ARADEL topped as the securities traded stock worth N8.3 billion in 627 deals followed by WEMABANK which traded equities worth N1.3 billion in 89 deals.

STERLINGNG traded shares valued at N955 million in 192 deals.

By: Babajide Okeowo

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now