Business
NGX: Equities market recovers as investors gain N66bn
The equities market on Tuesday reversed several days of trading losses with N66 billion profit for investors at the close of trading.
This followed the growth in the share prices of stocks like LEARNAFRICA, OANDO, and CUTIX amongst others on the trading floor.
After five hours of trading at the capital market, the equity capitalization rose to N54.4 trillion from N54.3 trillion recorded by the bourse on Monday.
The All-Share Index (ASI) also increased to 95,895.92 from 95,779.79 recorded the previous day.
The market breadth was negative as 19 stocks advanced and 23 declined, while 77 others remained unchanged in 8,295 deals.
LEARNAFRICA, OANDO, and CUTIX led other gainers with 9.94%, 9.90%, and 9.85% growth each in share prices to close at N3.87, N43.40, and N2.90 from the previous N3.52, N39.40, and N2.64 per share.
READ ALSO: NGX: Investors lose N84b as stocks tumble
On the flip side, THOMASWY, OMATEK, and FTNCOCOA led other price decliners as they shed 9.71%, 6.85%, and 6.80% each to close at N1.58, N0.68 and N1.92 from the initial N1.75, N0.73, and N2.06 per share.
On the volume index, JAIZ BANK led trading with 651 million shares valued at N1.4 billion in 149 deals followed by STERLINGNG which traded 53 million shares valued at N218 million in 70 deals.
INTERNATIONAL BREWERIES traded 28 million shares valued at N127 million in 134 deals.
On the value index, JAIZ BANK recorded the highest value for the day trading stocks worth N1.4 billion in 149 deals followed by SEPLAT which traded equities worth N1.30 billion in 102 deals.
GTCO traded shares valued at N692 million in 27 deals.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: In Sokoto, classrooms overtaken by goats, reptiles, as insecurity, lack of teachers, govt inaction push children out of school
SHEHU MUHAMMAD SHEHU reports on how insecurity, government inaction and lack of qualified teachers has significantly forced up the number...
INVESTIGATION: Abia residents in pains, as contractor abandons erosion control project after collecting N185m
Fresh from fashion school in 2022, Onuka Kalu planned to convert one of his father’s two shops, where he formerly...
Trump halts $50m Gaza aid, cites ‘condoms in Gaza’ claim
In a sweeping move to reassess U.S. foreign aid spending, President Donald Trump has frozen a $50 million assistance package...
INVESTIGATION: In Zamfara, forgotten Health Center throws community into health crisis
In the late evening of Friday, September 14, 2024, shortly after the Maghrib prayer, Bashir Muhammad, a 34-year-old father of...
INVESTIGATION: Insufficient teachers, learning materials worsen education access in Kwara communities
Qudus, a Junior Secondary School (JSS 2) pupil, would sit the Basic Education Certificate Examination (BECE) in a year to...