Equities Market Closes Positively With N305bn Profit For Investors

The Nigerian equities market closed positively on Thursday, November 28, 2024, as investors gained N305bn after trading activities on the floor of the Nigerian Exchange Group (NGX).

This followed a surge in the share prices of stocks like VITAFOAM, ARADEL, and FTNCOCOA amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to N59.275 trillion from N58.969 trillion recorded that was recorded by the bourse on Wednesday.

The benchmark All-Share Index (ASI) increased to 97,783.81 from 97,296.57 recorded the previous trading day.

The market breadth was negative as 27 stocks advanced and 29 stocks declined, while 66 stocks remained unchanged in 8,404 deals.

VITAFOAM, ARADEL, and FTNCOCOA led other gainers with 9.81%, 9.23%, and 7.82% growth each in share prices to close at N23.50, N517.00, and N1.93 from the previous N21.40, N473.30 and N1.79 per share.

PRESTIGE, UNILEVER, and AUSTINLAZ led other price decliners with 10%, 9.97%, and 9.96% decline each in share prices to close at N0.81, N26.65, and N2.17 from the previous N0.90, N29.60 and N2.41 per share.

On the volume index, FBNH led trading with 166 million shares in 296 deals followed by HMCALL which traded 119 million shares in 146 deals.

GUINEAINS traded 41 million shares in 113 deals.

On the value index, FBNH topped as the securities traded stock worth N4.1 billion in 296 deals followed by OANDO which traded equities worth N1.2 billion in 682 deals.

WAPCO traded shares valued at N827 million in 208 deals.