NGX: Equities market begins week on a losing note as investors lose N117bn

Investors in the Nigerian equities market began the trading week with a loss of N117bn at the end of trading on Monday, July 29, 2024.

This follows a dip in the share prices of stocks like CAVERTON, WAPIC, and ABCTRANS amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization decreased to N55.717 trillion from N55.605 trillion by the bourse on FRIDAY, July 26, 2024.

The All-Share Index (ASI) also decreased to 98,132.15 from 98,201.49 recorded the previous trading day.

The market breadth was positive as 22 stocks advanced and 21 stocks declined, while 72 stocks remained unchanged in 10,096 deals.

AFRIPRUD, CUTIX and ETERNA led other gainers with 10%, 9.90% and 9.88% growth in share price each to close at N10.45, N5.66, and N17.80 from the previous prices of N9.50, N5.15, and N16.20 per share.

READ ALSO: NGX WEEKLY ROUND-UP: Investors lose N1.32tr as equities market crumbles

On the flip side, CAVERTON, WAPIC, and ABCTRANS led other price decliners as they shed 10%, 9.30%, and 9.09% each to close at N1.35, N0.78, and N0.70 from the initial prices of N1.50, N0.86, and N0.77 per share.

On the volume index, UBA led trading with 69m shares valued at N1.455bn in 662 deals followed by FBNH which traded 24m shares in 326 deals valued at N512m.

ACCESSCORP traded 23m shares valued at N441mn in 800 deals.

On the value index SEPLAT recorded the highest value for the day trading stocks worth N2.710bn in 102 deals followed by UBA which traded equities worth N1.455bn in 662 deals.

GTCO traded stocks worth N924m in 649 deals.

By: Babajide Okeowo

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