NGX: Equity markets start the week with losses as investors lose N20 billion

The equity market started the week on a losing note as investors recorded losses of N20 billion at the end of the trading session on Monday, July 1, 2024.

This comes even as stocks such as ETRANZACT, FIDSON and CORNERSTONE among others depreciated on the trading floor today.

After five hours of trading on the capital market, equity capitalization decreased to N56.581 trillion from N56.602 trillion posted by the exchange on Friday, June 28, 2024.

The All Share Index (ASI) fell to 100,020.83 from 100,057.49 recorded on the previous trading day.

Market breadth was negative as 19 stocks advanced and 28 stocks declined, while 73 stocks remained unchanged in 10,112 trades.

LINKASSURE, AFRIPRUD, and UNITYBNK led other gainers with share price growth of 10%, 9.76%, and 9.74 respectively to close at N1.10, N9.00, and N1.69 from previous prices of N1.00, N8.20, and N1.54 per share.

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On the other hand, ETRANZACT, FIDSON and CORNERSTONE led the other price decliners as they fell by 10%, 9.70% and 9.52% respectively to close at N4.50, N13.50 and N1.90 from opening prices of N5.00, N14.96 and N2.10 per share.

On the volume index, UCAP led the trade with 26.638 million shares worth N737 million in 625 deals followed by LINKASSURE which traded 23.913 million shares in 88 deals worth N364 million.

AIICO traded 14.213 million shares worth N314 million in 171 transactions.

On the value index, UCAP recorded the highest value for daily traded equities worth N737 million in 625 transactions followed by GEREGU which traded equities worth N364 million in 165 transactions.

GTCO traded shares worth N314 million in 384 transactions.

By: Babajide Okeowo

NGX: Equity markets start week on a losing note as investors lose N20 billion first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.