Newscenter Media News The Nigerian equities market started the week on a positive note as investors amassed a N107bn profit at the end of trading on the floor of the Nigerian Exchange Group (NGX).
This followed a surge in the share prices of stocks like FIDELITY BANK, ABCTRANS and LIVESTOCK amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization increased to N56.14 trillion from N56.03 trillion recorded by the bourse on Thursday.
The benchmark All-Share Index (ASI) increased to 97,706.70 from 97,520.54 recorded the previous trading day.
The market breadth was positive as 28 stocks advanced and 23 stocks declined, while 67 stocks remained unchanged in 10, 424 deals.
FIDELITY BANK, ABCTRANS and LIVESTOCK led other gainers with 10%, 9.76%, and 9.76% growth each in share prices to close at N14.30, N1.35, and N3.60 from the previous N13.00, N1.23, and N3.28 per share.
On the flip side, SCOA, BERGER and TRIPPLEG led other price decliners as they shed 10%, 9.95%, and 9.64% each to close at N1.71, N19.00 and N2.25 from the initial N1.90, N21.10, and N2.49 per share.
On the volume index, UBA led trading with 38 million shares valued at N1 billion in 926 deals followed by ACCESSCORP which traded 23 million shares valued at N459 million in 581 deals.
CAVERTON traded 21 million shares valued at N56 million in 286 deals.
On the value index, UBA recorded the highest value for the day trading stocks worth N1 billion in 926 deals followed by GTCO which traded equities worth N776 million in 576 deals.
ACCESSCORP traded shares valued at N459 million in 581 deals.
By: Babajide Okeowo
The post NGX: Equities market begins week positively as investors gain N107bn appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.