Investors Gain N60bn As Equities Market Rebounds

The Nigerian equities market rebounded from yesterday’s loss on Tuesday, December 10, 2024 with a profit of N60bn for investors at the end of the trading session on the floor of the Nigerian Exchange Group (NGX).

This was a result of the dip in the share prices of stocks like GOLDBREW, GUINEAINS and AFRIPRUD amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to N59.531 trillion from N59.471 trillion that was recorded by the bourse on Monday.

The benchmark All-Share Index (ASI) increased to 98,206.97 from 98,107.52 recorded the previous trading day.

The market breadth was positive as 36 stocks advanced and 21 stocks declined, while 67 stocks remained unchanged in 9,098 deals

GOLDBREW, GUINEAINS and AFRIPRUD led other gainers with 9.93%, 9.80% and 9.70% growth each in share prices to close at N6.53, N0.56, and N13.00 from the previous N5.94, N0.51 and N11.85 per share.

JOHNHOLT, HMCALL, and MORISON led other price decliners with 9.96%, 9.91%, and 9.89% decline each in share prices to close at N7.23, N5.27, and N4.01 from the previous N8.03, N5.85 and N4.45 per share.

On the volume index, WAPIC led trading with 457 million shares in 77 deals followed by STERLINGNG which traded 138 million shares in 209 deals.

JAPAULGOLD traded 30 million shares in 135 deals.

On the value index, MTNN topped as the securities traded stock worth N4.3 billion in 313 deals followed by WAPCO which traded equities worth N1.2 billion in 549 deals.

UBA traded shares valued at N962 million in 298 deals.