NGX: Stock market starts week with losses as investors lose Rs111.15 crore

The Nigerian equity market started the week on a negative note on Monday, September 9, 2024 as investors lost N111 billion at the end of the trading session.

This follows a decline in share prices such as JBerger, Transpower, and UPL among others on the trading floor.

After five hours of trading in the capital market, equity capitalization dropped to N55.283 trillion from N55.394 trillion recorded by the exchange on Friday last week.

The benchmark All-Share Index (ASI) also fell to 96,205.84 from 96,433.53.

Market breadth was positive as 33 stocks rose and 19 stocks fell, while 67 stocks remained unchanged in 10,412 trades.

Eterna, Tantalizer and Oando led the other gainers with respective increases of 10%, 10% and 9.95% in share prices to close at N30.00, N0.70 and N81.40 from N33.00, N0.77 and N89.50 per share.

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On the other hand, JBerger, Transpower and UPL led the other decliners as they fell by 10%, 9.99% and 8.99% respectively to close at N153.45, N301.70 and N2.43 from initial prices of N170.50, N335.20 and N2.67 per share.

On the volume index, JAIZBANK led the trade with 47 million shares worth N537 million in 162 deals followed by ZENITHBANK which traded 173 million shares worth N6.4 billion in 799 deals.

FBNH traded 41 million shares worth N967 million in 372 transactions.

On the value index, ZENITHBANK recorded the highest value for daily traded shares worth N6.4 billion in 799 transactions followed by GTCO which traded equities worth N1.5 billion in 378 transactions.

Oando traded shares worth N1.3 billion in 429 transactions.

NGX: Equity markets start week in red as investors lose N111.15 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.