Newscenter Media News The Nigerian equities market kickstarted the week with N38 billion profit for investors on the trading floor of the Nigerian Exchange Group (NGX) on Monday, January 6, 2025.
This follows a surge in the share prices of stocks like WEMABANK, DAARCOMM, and HONYFLOUR amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to ₦63.203 trillion from ₦63.165 trillion which was recorded by the bourse on the previous trading.
The benchmark All-Share Index (ASI) increased to 103,648.24 from 103,586.33 which was recorded on Friday, last week.
The market breadth was positive as 46 stocks advanced and 19 stocks declined, while 58 stocks remained unchanged in 16,505 deals.
WEMABANK, DAARCOMM, and HONYFLOUR led other gainers with 10%, 10% and 9.99% growth each in prices to close at N11.00, N0.77 and N8.37 from the previous N10.00, N0.70 and N7.61 per share.
CUTIX, CAVERTON, and JAIZBANK led other price decliners with 5.45%, 5.36%, and 5.23% decline each in share prices to close at N2.60, N2.65, and N3.08 from the previous N2.75, N2.80 and N3.25 per share
On the volume index, CHAMS led trading with 80 million shares in 504 deals followed by VERITASKAP which traded 60 million shares in 334 deals.
ACCESSCORP traded 54 million shares in 807 deals.
On the value index, GTCO topped as the securities traded stock worth N3 billion in 279 deals followed by ACCESSCORP which traded equities worth N1.3 billion in 807 deals.
BUAFOODS traded shares valued at N1.3 billion in 142 deals.
By: Babajide Okeowo
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