JamzNG Latest News, Gist, Entertainment in Nigeria
Investors in the Nigerian equity market earned N56 billion at the close of trading Monday.
This follows a surge in the prices of shares such as NASCON, FTN Cocoa and CONHALL, among others, on the stock exchange floor.
The benchmark All-Share Index (ASI) index increased to 243,161.52 points from 242,277.81 points on the previous trading day.
After five hours of trading on the capital market, equity capitalization jumped to N156 trillion from N155.9 trillion recorded by the exchange on Thursday.
The market breadth was flat, with 40 stocks rising, 40 declining, and 68 unchanged in 122,041 transactions.
A total of 967,467,651 shares were traded worth N43.8 billion.
NASCON, FTN Cocoa and CONHALL led the gainers chart, with share price growth of 10% each, closing at N210.00, N6.05 and N5.72 per share, up from N178.30, N5.50 and N5.20 per share.
Also read: Accord Party takes steps to get INEC to revoke its registration
NAHCO, Intenegins and UPDC led the rest of the price declines, with falls of 22.87%, 9.82% and 9.18% respectively, closing at N199.00, N2.48 and N4.45 per share, down from N258.00, N2.75 and N4.90 per share respectively.
On the volume index, Access Holding led trading with 182 million shares in 5,493 transactions, followed by AIICO which traded 58 million shares in 1,430 transactions.
Fidelity Bank traded 57 million shares in 1,407 transactions.
On the value index, Zenith Bank traded shares worth N6.3 billion in 7,421 transactions, followed by Access Holding, which traded equities worth N4.7 billion in 5,493 transactions.
Aradel traded shares worth N4.2 billion in 5,336 transactions.
By: Babajide Okeowo
