Equities Market’s Rally Continues As Investors Gain N183bn

The Nigerian equities market sustained yesterday’s profit-making with another N183bn profit for investors on the trading floor of the Nigerian Exchange Group (NGX) on Wednesday, December 11, 2024.

This follows a surge in the share prices of stocks like CONOIL, AFRIPRUD and RTBRISCOE amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to N59.715 trillion from N59.531 trillion that was recorded by the bourse on Tuesday.

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The benchmark All-Share Index (ASI) increased to 98,509.68 from 98,206.97 recorded the previous trading day.

The market breadth was positive as 34 stocks advanced and 17 stocks declined, while 67 stocks remained unchanged In 7,943 deals

CONOIL, AFRIPRUD and RTBRISCOE led other gainers with 10% growth each in share prices to close at N352.00, N14.30, and N2.42 from the previous N3.20, N13.00 and N2.20 per share.

JBERGER, NSLTECH, and MULTIVERSE led other price decliners with 10%, 9.52%, and 7.63% decline each in share prices to close at N155.25, N0.57, and N5.45 from the previous N172.50, N0.63 and N5.90 per share.

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On the volume index, ETRANZACT led trading with 70 million shares in 28 deals followed by UNIVINSURE which traded 23 million shares in 38 deals.

ZENITHBANK traded 21 million shares in 328 deals.

On the value index, ARADEL topped as the securities traded stock worth N1.2 billion in 365 deals followed by ZENITHBANK which traded equities worth N93 million in 328 deals.

FBNH traded shares valued at N491 million in 292 deals.