Business
NGX: Equities market begins week with N404bn loss
The Nigerian equities market began the week on a low on August 12, 2024 as investors lost N404bn at the end of trading session.
This follows an increase in the share prices of stocks like BUACEMENT, SKYAVN and SUNUASSUR amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to N55.574 trillion from N55.978 trillion recorded by the bourse on Friday, August 9, 2024.
The All-Share Index (ASI) also decreased to 97,881.75 from 98,592.12 recorded the previous trading day.
The market breadth was positive as 28 stocks advanced and 20 stocks declined, while 67 stocks remained unchanged in 9,059 deals.
JBERGER, NASCON and TOTAL led other gainers with 10% 10%, 9.98 each in share prices to close at N121.00, N34.65, and N470.40 from the previous prices of N110.00, N31.50, and N427.70 per share.
READ ALSO: Investors lose N113bn amid suspension of stocks by NGX
On the flip side, BUACEMENT, SKYAVN and SUNUASSUR led other price decliners as they shed 9.93%, 5.43% and 4.76% each to close at N114.30, N24.40 and N1.20 from the initial prices of N126.90, N25.380, and N1.26 per share.
On the volume index, GTCO led trading with 123m shares valued at N5.658bn in 739 deals followed by VERITASKAP which traded 39m shares in 174 deals valued at N478mn.
ACCESSCORP traded 38m shares valued at N744mn in 628 deals.
On the value index GTCO recorded the highest value for the day trading stocks worth N5.568bn in 739 deals followed by ZENITH BANK which traded equities worth N1.031bn in 558 deals.
OANDO traded shares valued at N801mn in 372 deals.
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