NGX: The equity market starts on Sunday with N279 billion profit for investors

Investors at the Nigerian equity market obtained the N279 billion at the close of trade on Monday.

This follows the surge in stock prices such as Breweries Champions, Beta Glass PLC and Neimeth International Pharma, among others, on the trading floor.

The Benchmark All-Share Index (ASI) increased to 118,579.65 points from 118,138.22 points recorded on the previous day.

After five hours of trading in the capital market, the capitalization of equity rose to the N74.8 trillion from N74.5 trillion posted by Bourse last Friday.

The extent of the positive market because 46 shares advanced, 22 shares declined, and 82 shares remained unchanged in 22,206 agreements.

Breweries Champions, Beta Glass PLC and Neimeth International Pharma lead other gainers with 10% growth in the price closed on N9.02, N303.60 and N4.07 from the previous N8.20, N276.00 and N3.70 per share.

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Julius Berger PLC, Chams PLC and Secure Electronic Technology lead other prices with 7.48%, 5.09% and 5.00% stock price reduction to be closed in N117.50, N2.05 and N0.57 from N127.00, N2.16 and N0.60 per previous share.

In the volume index, Fidelity Bank PLC led trade with 141 million shares in 826 agreements, followed by Zenith Bank PLC, which was traded 46 million shares in 1,217 agreements.

Nigerian Breweries PLC traded 38 million shares in 203 agreements.

In the value index, Okomu Palm Oil Trading shares worth N3.4 billion in 382 agreements, followed by Fidelity Bank PLC, which trades equity worth N2.6 billion in 826 offers.

Zenith Bank PLC traded shares worth N2.3 billion in 1,217 agreements.

By: Babajide Okeowo