Business
Investors gain N137bn to start week on positive note
Investors in the Nigerian equities market gained N137bn at the end of the trading session on the floor of the Nigerian Exchange Group (NGX) on Monday, December 2, 2024.
This followed an increase in the share prices of stocks like WAPCO, AFRIPRUD, and ABBEYBDS amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization surged to N59.245 trillion from N59.107 trillion that was recorded by the bourse on Friday last week.
The benchmark All-Share Index (ASI) increased to 97,733.86 from 97,506.87 recorded the previous trading day.
The market breadth was positive as 36 stocks advanced and 24 stocks declined, while 62 stocks remained unchanged in 9,329 deals.
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WAPCO, AFRIPRUD, and ABBEYBDS led other gainers with 10% growth each in share prices to close at N63.80, N9.90, and N2.64 from the previous N58.00, N9.00 and N2.40 per share.
ETRANZACT, NCR, and FTNCOCOA led other price decliners with 10%, 9.92%, and 8.29% decline each in share prices to close at N6.75, N4.27, and N1.77 from the previous N7.50, N4.74 and N1.93 per share.
On the volume index, JAPAULGOLD led trading with 72 million shares in 142 deals followed by UBA which traded 67 million shares in 785 deals.
ACCESSCORP traded 53 million shares in 521 deals.
On the value index, UBA topped as the securities traded stock worth N2.2 billion in 785 deals followed by WAPCO which traded equities worth N1.3 billion in 187 deals.
ACCESSCORP traded shares valued at N1.2 billion in 521 deals.
By: Babajide Okeowo
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