NGX: Equity markets start the week on a positive note as investors rake in N172 billion

The equity market started on a positive note on Monday, July 15, 2024 as investors earned N172 billion at the end of the trading session.

This follows the increase in stock prices such as CUTIX, IKEJA HOTEL and ROYALEX among others on the trading floor.

After five hours of trading on the capital market, equity capitalization increased to N56.608 trillion from N56.440 trillion posted by the exchange on Friday, July 12, 2024.

The All Share Index (ASI) increased to 99,966.28 from 99,671.28 recorded on the previous trading day.

Market breadth was positive as 29 stocks advanced and 14 stocks declined, while 70 stocks remained unchanged in 8,405 trades.

CUTIX, IKEJA HOTEL and ROYALEX led other gainers with share price growth of 9.96%, 9.45% and 8.96% respectively to close at N5.08, N6.95 and N0.73 from previous prices of N4.62, N6.35 and N0.67 per share.

ALSO READ: NGX: Stock market recovers as investors rake in N172 billion

On the other hand, ABBEYBDS, JAIZBANK and ELLAHLAKES led the other decliners as they fell by 7.04%, 5.78% and 5.36% respectively to close at N2.51, N2.12 and N3.00 from opening prices of N2.70, N2.25 and N3.17 per share.

On the volume index, GTCO led the trade with 66 million shares worth N3.047 billion in 432 deals followed by ACCESSCORP which traded 44 million shares in 878 deals worth N854 million.

FCMB traded 26 million shares worth N203 million in 159 transactions.

On the value index, GTCO recorded the highest value for daily traded shares worth N3.047 billion in 432 transactions followed by ACCESSCORP which traded equities worth N854 million in 878 transactions.

ZENITHBANK traded shares worth N589 million in 473 deals.

NGX: Equity markets start week on positive note as investors rake in N172 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.