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NGX: Equities market begins week with N8bn loss as PZ, CWG, CHAMS share prices dip



The equities market started the week on a negative note as investors recorded a loss of N8bn at the end of trading session on Monday, July 8, 2024.

This follows a dip in the share prices of stocks like PZ, CWG, CHAMS amongst others on the trading floor today.

After five hours of trading at the capital market, the equity capitalization decreased to N56.572 trillion from N56.581 trillion posted by the bourse on Friday, July 5, 2024.

The All-Share Index (ASI) increased to 100,007.11 from 100,022.03 recorded the previous trading day.

The market breadth was negative as 22 stocks advanced and 24 stocks declined, while 69 stocks remained unchanged in 7,931 deals.

VERITASKAP, DAARCOMM and CONOIL led other gainers with 9.57%, 8.33% and 8.26% growth in share price each to close at N1.26, N0.52, and N136.95 from the previous prices of N1.15, N0.48, and N126.50 per share.

READ ALSO:NGX: Daar Communication among top losers as Investors shed N133m

On the flip side, PZ, CWG and CHAMS led other price decliners as they shed 10%, 9.80%, and 9.66% each to close at N19.80, N6.90, and N2.15 from the initial prices of N22.00, N7.65, and N2.38 per share.

On the volume index, ELLAHLAKES led trading with 271m shares valued at N814mn in 34 deals followed by UNIVINSURE which traded 42m shares in 103 deals valued at N14mn.

GTCO traded 40m shares valued at N31.937bn in 636 deals.

On the value index GTCO recorded the highest value for the day trading stocks worth N1.937bn in 636 deals followed by UBA which traded equities worth N846mn in 500 deals.

ELLAHLAKES traded stocks worth N814mn in 34 deals.

By: Babajide Okeowo

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