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Nigeria’s equity market returned from the Eid-el-Mauldah holiday on Tuesday with a gain of N131 billion for investors.
This follows a surge in the prices of shares such as FLOUR MILL, FBNH (First Bank of Nigerians Holdings), and VITAFOAM among others on the trading floor.
After five hours of trading in the capital market, equity capitalization increased to N56.1 trillion from N56.00 trillion recorded by the bourse before the holiday.
The benchmark All-Share Index (ASI) rose to 97,685.64 from 97,456.62.
Market breadth was positive as 26 stocks advanced and 24 stocks declined, while 67 stocks remained unchanged in 8,803 trades.
FLOUR MILL, FBNH, and VITAFOAM led the other stocks to gain with share price growth of 10%, 10%, and 9.94% respectively to close at N59.95, N31.90, and N19.90 from N54.50, N29.00, and N18.10 per share previously.
On the other hand, ETERNA, OANDO and ABBEYBDS (Abbey Mortgage Bank Plc) led other price decliners as they fell by 10%, 9.94% and 9.88% respectively to close at N27.90, N80.20 and N2.28 from initial prices of N31.00, N89.05 and N2.28 per share.
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On the volume index, JAPAUL GOLD led the trade with 72 million shares worth N278 million in 191 deals followed by TRANSCORP which traded 46 million shares worth N562 million in 562 deals.
FBNH traded 46 million shares worth N1.4 billion in 791 transactions.
On the value index, FBNH recorded the highest value for daily traded equities worth N1.4 billion in 791 transactions followed by OANDO which traded equities worth N1.3 billion in 1,240 transactions.
GEREGU traded shares worth N1.3 billion in 167 transactions.
By: Babajide Okeowo
NGX: Investors rake in N131 billion profit after Eid al-Maulood holiday first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.
