Business
Nigeria’s equities market sustains momentum with N294bn profit for investors
Investors in the Nigerian equities market went home with N294 billion at the end of trading on Tuesday.
This followed an increase in the share price of Dangote Sugar, NASCON and MORISON, amongst others on the trading floor today.
After five hours of trading at the capital market, the equity capitalization increased to N55.6 trillion from N55.3 trillion posted by the bourse on Monday.
Similarly, the All-Share Index (ASI) increased to 98,383.04 from 97,863.34 recorded the previous day.
The market breadth was positive as 28 stocks advanced, 13 declined, while 79 others remained unchanged in 7,990 deals.
Dangote Sugar and NASCON led other gainers with 10% and 9.88% growth in share price to close at N42.90 and N37.25 from their previous N39.00 and N33.90 per share respectively.
READ ALSO: NGX: Investors close week with N206bn loss
On the flip side, Sovereign Insurance (SOVRENINS), Universal Insurance (UNIVINSURE) and WAPCO led other price decliners as they shed 9.52%, 8.33% and 4.86% each to close at N0.38, N0.33 and N33.30 from the initial N0.42, N0.36 and N35.00% per share.
On the volume index, Abbey Mortgage (ABBEYBDS) traded 277 million shares valued at N682 million in eight deals followed by Access Corp which traded 81.935 million shares worth N1.39 billion in 766 deals.
FBNH traded 31.509 million shares valued at N683 million in 360 deals.
On the value index, SEPLAT recorded the highest value for the day trading stocks worth N1.6 billion in 51 deals followed by Access Corp which traded equities worth N1.3 billion in 766 deals.
FBNH traded stocks worth N683 million in 360 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...