Business
Equities market gains marginally with N10bn profit for investors
The Nigerian equities market started the week on a positive note as investors gained N10 billion on the trading floor of the Nigerian Exchange Group (NGX) on Monday, January 20, 2025
This follows a surge in the share prices of stocks like CAVERTON, WAPIC, and SCOA amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to ₦62.861 trillion from ₦62.851 trillion which was recorded by the bourse on Friday, January 20, 2025.
The benchmark All-Share Index (ASI) increased to 102370.62 points from 102,353.68 points which were recorded the previous trading day.
The market breadth was positive as 31 stocks advanced and 26 stocks declined, while 65 stocks remained unchanged in 11, 477 deals.
CAVERTON, WAPIC, and SCOA led other gainers with 10%, 9.91% and 9.68% growth each in prices to close at N2.42, N2.44 and N2.72 from the previous N2.20, N2.22 and N2.48 per share.
READ ALSO: Nigeria’s equities market closes week with N541bn profit for investors
EUNISELL, JOHNHOLT, and NSLTECH led other price decliners with 9.99%, 9.63%, and 8.99% decline each in share prices to close at N14.06, N9.20 and N0.81 from the previous N15.62, N10.18 and N0.89 per share.
On the volume index, UNIVINSURE led trading with 31 million shares in 230 deals followed by AICCO which traded 22 million shares in 258 deals.
OANDO traded 19 million shares in 1,351 deals.
On the value index, OANDO topped as the securities traded stock worth N1.4 billion in 1,351 deals followed by ZENITHBANK which traded equities worth N925 million in 533 deals.
ARADEL traded shares valued at N865 million in 418 deals.
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