Newscenter Media News The equities market began the week in the red zone on the trading floor of the Nigerian Exchange Group (NGX) as investors lost N317 billion on Monday, November 4, 2024.
This followed a dip in the share prices of stocks like CAVERTON, ARADEL, and OANDO amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to N58.721 trillion from N59.039 trillion recorded by the bourse yesterday.
The benchmark All-Share Index (ASI) decreased to 96,907.73 from 97,432.02 recorded the previous trading day.
The market breadth was negative as 17 stocks advanced and 29 stocks declined, while 75 stocks remained unchanged in 10,386 deals.
UBA, JOHNHOLT, and EUNISELL led other gainers with 10%, 10% and 9.96% growth each in share prices to close at N31.90, N3.63, and N6.18 from the previous N29.00, N3.30 and N5.62 per share.
CAVERTON, ARADEL, and OANDO led other price decliners with 10%, 9.99%, and 9.98% decline each in share prices to close at N1.80, N401.10, and N80.70 from the previous N2.00, N445.60 and N89.65 per share.
On the volume index, CONHALLPLC led trading with 567 million shares in 23 deals followed by UBA which traded 240 million shares in 1,051 deals.
STERLINGNG traded 122 million shares in 272 deals.
On the value index, UBA topped as the securities traded stock worth N7.2 billion in 1,051 deals followed by ARADEL which traded equities worth N1.4 billion in 943 deals.
GTCO traded shares valued at N1.1 billion in 347 deals.
The post NGX: Equities market begins week in red as investors lose N317bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.