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The Nigerian equity market started the week positively on Monday September 30, 2024 as investors made N57 billion at the end of trading on the floor of the Nigerian Exchange Group (NGX).
This follows a surge in share prices, including AFRIPRUD (Africa Prudential Plc), ABBEYBDS (Abbey Mortgage Bank Plc) and NSLTECH (Secure Electronic Technology) on the trading floor.
After five hours of trading on the capital market, equity capitalization increased to N56.635 trillion from N56.578 trillion recorded by the stock exchange on Friday last week.
The benchmark All-Share Index (ASI) increased to 98,558.79 from 98,458.68 recorded on the previous trading day.
Market breadth was positive as 32 stocks advanced and 22 stocks weakened, while 63 stocks remained unchanged in 10,378 transactions.
READ ALSO: Investors lose N113 billion amid share suspension by NGX
AFRIPRUD, ABBEYBDS and NSLTECH led other gainers with 10% growth each in share price closing at N9.90, N2.75 and N0.66 from previous N9.00, N2.50 and N0.0 per share.
On the other hand, ELLAHLAKES (Ellah Lakes Plc), NEIMETH (Neimeth International Pharmaceuticals Plc) and ACADEMY (Academy Press) led other price declines as they fell 9.96%, 9.81%, and 9.78% respectively to close at N4.43, N1 .93 and N2.86 from initial N4.92, N2.14, and N3.17 per share.
On the volume index, JAPAULGOLD led trading with 182 million shares worth N463 million in 181 transactions followed by UBA which traded 45 million shares worth N1.2 billion in 339 transactions.
ACCESSORP traded 34 million shares worth N707 million in 669 transactions.
On the value index, UBA recorded the highest daily trading value of shares worth N1.2 billion in 339 transactions followed by ZENITH BANK which traded equities worth N825 million in 535 transactions.
OANDO traded shares worth N790 million in 833 transactions.
By: Babajide Okeowo
The post NGX: Equity Market kicks off with N57b profit for investors appeared first on Latest Nigerian News | Top News from Ripples Nigeria.
