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The Nigerian equity market kicked off the new week and September on a positive note as investors raked in profits of N123 billion at the close of trading on Monday, September 2, 2024.
This follows the rise in share prices of stocks such as Oando, IMG and ETranzact among others on the trading floor.
After five hours of trading in the capital market, equity capitalization jumped to N55.601 trillion from N55.478 trillion recorded by the bourse on Thursday.
The All Share Index (ASI) also increased to 96,793.95 from 96,580.01.
Market breadth was negative as 28 stocks rose and 29 stocks fell, while 58 stocks remained unchanged in 13,149 trades.
Oando, IMG and ETranzact led other gainers with share price growth of 9.95%, 9.85% and 9.80% respectively to close at N84.55, N29.00 and N5.60 from N76.90, N26.40 and N5.10 per share respectively.
On the other hand, Livestock, Rtbriscoe and Cornerstone led the other price decliners as they dropped by 10%, 9.86% and 9.63% respectively to close at N2.25, N3.20 and N2.44 from opening prices of N2.50, N3.55 and N2.70 per share.
On the volume index, UBA led the trading with 54 million shares worth N1.3 billion in 940 deals followed by ZenithBank which traded 39 million shares worth N1.5 billion in 858 deals.
Oando traded 38 million shares worth N3.2 billion in 1,562 transactions.
On the value index, Oando recorded the highest value for daily traded equities worth N3.2 billion in 1562 transactions followed by ZENITHBANK which traded equities worth N1.5 billion in 858 transactions.
UBA traded shares worth N1.3 billion in 940 transactions.
On Mon, Sep 2, 2024, 6:33 PM Okeowo Babajide, wrote:
NGX: Equity market starts week with N123 billion profit for investors
By: Babajide Okeowo
The Nigerian equity market kicked off the new week and September on a positive note as investors raked in profits of N123 billion at the close of trading on Monday, September 2, 2024.
This follows the rise in share prices of stocks such as Oando, IMG and ETranzact among others on the trading floor.
After five hours of trading in the capital market, equity capitalization jumped to N55.601 trillion from N55.478 trillion recorded by the bourse on Thursday.
The All Share Index (ASI) also increased to 96,793.95 from 96,580.01.
Market breadth was negative as 28 stocks rose and 29 stocks fell, while 58 stocks remained unchanged in 13,149 trades.
Oando, IMG and ETranzact led other gainers with share price growth of 9.95%, 9.85% and 9.80% respectively to close at N84.55, N29.00 and N5.60 from N76.90, N26.40 and N5.10 per share respectively.
On the other hand, Livestock, Rtbriscoe and Cornerstone led the other price decliners as they fell by 10%, 9.86% and 9.63% respectively to close at N2.25, N3.20 and N2.44 from opening prices of N2.50, N3.55 and N2.70 per share.
On the volume index, UBA led the trading with 54 million shares worth N1.3 billion in 940 deals followed by ZenithBank which traded 39 million shares worth N1.5 billion in 858 deals.
Oando traded 38 million shares worth N3.2 billion in 1,562 transactions.
On the value index, Oando recorded the highest value for daily traded equities worth N3.2 billion in 1562 transactions followed by ZENITHBANK which traded equities worth N1.5 billion in 858 transactions.
UBA traded shares worth N1.3 billion in 940 transactions.
The post NGX: Equity market starts week with N123 billion profit for investors appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
