Business
NGX: Equities market begins week in red as investors lose N111.15bn
The Nigerian equities market began the week on a negative note on Monday, September 9, 2024 as investors lost N111bn at the end of the trading session.
This followed a dip in the share prices of stocks like JBerger, Transpower, and UPL amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization dipped to N55.283 trillion from N55.394 trillion recorded by the bourse on Friday last week.
The benchmark All-Share Index (ASI) also decreased to 96,205.84 from 96,433.53.
The market breadth was positive as 33 stocks advanced and 19 stocks declined, while 67 stocks remained unchanged in 10,412 deals.
Eterna, Tantalizer, and Oando led other gainers with 10% 10%, and 9.95% growth each in share prices to close at N30.00, N0.70, and N81.40 from the previous N33.00, N0.77, and N89.50 per share.
READ ALSO: Investors lose N113bn amid suspension of stocks by NGX
On the flip side, JBerger, Transpower, and UPL led other price decliners as they shed 10%, 9.99%, and 8.99% each to close at N153.45, N301.70 and N2.43 from the initial N170.50, N335.20, and N2.67 per share.
On the volume index, JAIZBANK led trading with 47 million shares valued at N537 million in 162 deals followed by ZENITHBANK which traded 173 million shares valued at N6.4 billion in 799 deals.
FBNH traded 41 million shares valued at N967 million in 372 deals.
On the value index, ZENITHBANK recorded the highest value for the day trading stocks worth N6.4 billion in 799 deals followed by GTCO which traded equities worth N1.5 billion in 378 deals.
Oando traded shares valued at N1.3 billion in 429 deals.
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