AfriPulse
Investors in the Nigerian equities market gained N745bn at the close of trading on Monday.
This followed the surge in the share prices of stocks such as E-Tranzact, UPDC, and MC Nichols, among others on the trading floor.
The benchmark All-Share Index (ASI) surged to 163,244.69 points from the 162,298.08 points recorded the previous trading day.
After five hours of trading at the capital market, the equity capitalisation surged to N104.5 trillion from N103.7 trillion posted by the bourse on Friday.
The market breadth was positive with 49 stocks advancing, 20 stocks declining, and 77 stocks remaining unchanged in 59,359 deals.
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A total of 1,149,359,643 shares were traded, valued at N19.2 billion.
E-Tranzact, UPDC, and MC Nichols led the gainers’ chart with 10% growth in share prices, respectively, to close at N16.50, N5.50, and N6.05 per share, up from the previous N15.00, N5.00, and N5.50 per share.
Champion, Eunisell and Ikeja Hotel led other price decliners with a 8.51%, 8.01%, and 8.00% dip each in share price to close at N15.05, N156.20, and N36.80 per share, down from the previous N16.45, N169.80, and N40.00 per share
On the volume index, Sovereign Insurance led trading with 307 million shares in 213 deals, followed by Fidelity Bank, which traded 158 million shares in 902 deals.
Linkage Assurance traded 118 million shares in 241 deals.
On the value index, Fidelity Bank traded stocks valued at N3.1 billion in 902 deals, followed by Aradel, which traded equities worth N1.4 billion in 922 deals.
Zenith Bank traded shares valued at N1.1 billion in 2,432 deals.
By: Babajide Okeowo
Source: RipplesNigeria | Read the Full Story…
