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Equity market at NGX gains N323bn to begin trading week

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The Nigerian Exchange Market began the week on a positive note as equities market raked in N323bn in profit. The development comes as equity capitalisation surged to N56.452 trillion on Monday from N56.128 trillion posted by the bourse on Friday, last week. Similarly, the All-Share Index (ASI) increased to 99,793.71 from 99,222.

The Nigerian Exchange Market began the week on a positive note as equities market raked in N323bn in profit. The development comes as equity capitalisation surged to N56.452 trillion on Monday from N56.128 trillion posted by the bourse on Friday, last week. Similarly, the All-Share Index increased to 99,793.71 from 99,222.33 recorded the previous trading day. The market breadth was positive, as 29 stocks advanced, 10 stocks declined, and 79 stocks remained unchanged in 8,657 deals.

and ACCESSCORP led other gainers with 10 percent, 9.98 percent, and 9.86 percent growth in share price to close at N41.80, N353.60, and N18.95 from the previous N38.00, N321.50, and N17.25 per share. Conversely, ETRANZACT, DAARCOMM, and CHAMPION led as top losers as they shed 9.90 percent, 9.52 percent, and 6.67 percent each to close at N4.55, N0.57, and N2.80 from the initial N5.05, N0.63, and N3.00 per share. On the volume index, banking stocks carried the day with FIDELITY BANK trading 605.

 

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