NGX: The equity market starts on Sunday with N412BN profits for investors

Investors in the Nigerian equity market obtained ₦ 412 billion at the close of trade on Monday.

This follows the surge in stock prices such as Beta Glass Company, The Initates PLC (TIP) and Cadbury Nigeria, among others, on the trading floor.

After five hours of trading in the capital market, the capitalization of equity increased to N 67.060 trillion from ₦ 66.6 trillion posted by Bourse on Friday.

The Benchmark All-Share Index (ASI) increased to 106,698.50 points from 106,042.57 points recorded on the previous day.

The extent of the negative market due to 28 advanced shares, 39 shares declined, and 56 shares remained unchanged in 18,612 offers.

Beta Glass Company, Tip and Cadbury Nigeria leads other growth with growth of 9.97%, 9.90% and 9.87% each in prices closed in N120.75, N5.44 and N35.05 from N109.80, N4.95 and N31.90 per previous share.

Ecobank Transnational Inc. (ETI), Meyer PLC and Custodian & Allied PLC led other price reductions with 9.62%, 6.70% and 4.72% of stock prices to be closed in N23.50, N8.35 and N17.15 from N26.00, N8.9.9.95 and N18.00 per previous shares.

On the volume index, the First Holding Company PLC led the trade with 106 million shares in 404 agreements, followed by the Guaranty Trust Holding (GTCO) traded 87 million shares in 1, 043 agreement.

Access Holdings PLC trading 42 million shares in 1, 184 agreement.

In the value index, a guarantee of traded stock confidence worth N5.5 billion in 1,043 agreements, followed by Aradel Holdings traded by equity of N3.4 billion in 642 offers.

First Holding Company PLC traded shares worth N2.6 billion in 404 agreements.

By: Babajide Okeowo

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