The equities market got off to a positive start this week on Monday, September 23, 2024 as investors gained N79bn 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 MC Nichols, Fcmb, Fidelity Bank amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization increased to N56.54 trillion from N56.46 trillion recorded by the bourse on Friday last week.
The benchmark All-Share Index (ASI) also increased to 98,386.60 from 98,247.99 points last week.
The market breadth was positive as 32 stocks advanced and 20 stocks declined, while 70 stocks remained unchanged in 10, 699 deals.
MC Nichols, Fcmb, Fidelity BanK led other gainers with 10%, 10% and 9.93% growth each in share prices to close at N1.87, N8.80, and N14.95 from the previous N1.70, N8.00, and N13.60 per share.
On the flip side, Berger, Daarcomm, DEAPCAP led other price decliners as they shed 9.83%, 9.33%, and 9.09% each to close at N21.10, N0.68 and N0.90 from the initial N23.40, N0.75, and N0.99 per share.
On the volume index, Transcorp led trading with 66 million shares valued at N726 billion in 306 deals followed by Fidelity Bank which traded 43 million shares valued at N640 million in 415 deals.
Access Corp traded 25 million shares valued at N474 million in 821 deals.
On the value index, Transcorp recorded the highest value for the day trading stocks worth N726 million in 306 deals followed by Fidelity Bank which traded equities worth N640 million in 415 deals.
OANDO traded shares valued at N582 million in 717 deals.
By: Babajide Okeowo
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