NGX: Equity market starts week on a high note as investors rake in N36 billion

The equity market started the week on Monday, August 26, 2024 on a positive note as investors earned N36 billion at the end of the trading session.

This follows an increase in the share prices of companies such as Eterna, Okomuoil, and Rtbriscoe among others on the trading floor.

After five hours of trading in the capital market, equity capitalization increased to N55.166 trillion from N55.129 trillion recorded by the exchange on Friday, August 23, 2024.

The All Share Index (ASI) also increased to 96,037.28 from 95,973.45 recorded on the previous trading day.

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Market breadth was positive as 26 stocks advanced and 18 stocks declined, while 74 stocks remained unchanged in 9,242 trades.

Eterna, Okomuoil and Rtbriscoe led other gainers with share price growth of 10%, 9.99% and 9.96% respectively to close at N23.10, N379.80 and N2.98 from previous prices of N21.00, N345.30 and N2.71 per share.

On the other hand, TRANSPOWER, ABBEYBDS and UCAP led the other price decliners as they fell by 9.99%, 9.69%, 8.35% respectively to close at N335.20, N2.33 and N18.10 from initial prices of N372.40, N2.58 and N19.75 per share.

On the volume index, VERITASKAP led the trade with 67 million shares worth N716 million in 212 deals followed by JAPAULGOLD which traded 23 million shares in 260 deals worth N340 million.

FCMB traded 20 million shares worth N12 million in 124 transactions.

On the value index, ZENITHBANK recorded the highest value for daily traded shares worth N503 million in 406 transactions followed by GTCO which traded equities worth N397 million in 315 transactions.

OANDO traded shares worth N341 million in 325 transactions.

By: Babajide Okeowo

NGX: Equity markets start week on a high as investors rake in N36 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.