NGX: The equity market starts on Sunday with n193BN profits for investors

Investors in the Nigerian equity market obtained N193 billion at the close of trade on Monday.

This follows the surge in stock prices such as Tripple Gee & Co. PLC, Ellah Lakes PLC and UPDC Real Estate Investment Trust, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 121,295.33 points from 120,989.66 points recorded last Friday.

After five hours of trading in the capital market, the capitalization of equity rose to the N76.5 trillion from the N76.3 trillion posted by the exchange four days ago.

The extent of the positive market, with 53 advanced shares, 15 shares declined, and 80 shares remaining did not change in 25,680 offers.

Tripple Gee & Co. PLC, Ellah Lakes PLC, and Real Estate Investment Trust UPDC lead other gainers with 10% growth in the price closed at N2.97, N8.91 and N7.15 from N2.70, N8.10 and N6.50 per previous share.

Also read: NGX: Equity Market Maintaining Bullish Run When Investors Get N404BN

Sunu Assurances Nigeria PLC, RT Briscoe and Prestige Assurance Company led other price declines with 10%, 9.59% and 9.09% stock price reduction to be closed on N4.50, N3.30 and N1.20 from N5.00, N3.65 and N1.32 per previous share.

In the volume index, Universal insurance companies lead trade with 71 million shares in 165 agreements, followed by the First City Monument Bank (FCMB) traded 61 million shares in 398 agreements.

Japaul Gold and Ventures PLC trade 53 million shares in 539 agreements.

In the value index, the Nigerian Brewers PLC was traded by N2.3 billion shares in 234 agreements, followed by Zenith Bank PLC, who traded equity worth N1.4 billion in 958 agreements.

Nestle PLC traded shares worth N1.2 billion in 104 agreements.

By: Babajide Okeowo