Equities Market Begins Week Positive

The Nigeria Exchange Group Limited, NGX started the Christmas week on a positive note as the market experienced renewed bargain hunting on the back of sell-offs in some banking stocks.

Monday’s trading session saw the All-Share Index of listed equities inch up of a 5.68 basis points, representing a 0.01% increase to close at 72,404.91 points higher than the 72,399.23 points recorded on Friday.

Consequently, investors gained N8 billion on market capitalization, representing a 0.01% increase to close at N39.621 trillion compared to the N39.612 trillion of the previous day.

The Exchange recorded at a total volume of 328.24 million units that exchanged hands in 6,745 deals.

The day’s business ended with 18 stocks on the gainers list relative to 33 losers.

INFINITY led the gainer chart with a closing price of N3.10k per share after gaining 9.93%. JOHNHOLT shares gained 9.87% to close at N2.45k while TRANSCOHOT shares made a 9.38% profit to closes at N51.30k.

Conversely, the share price of ABCTRANS dropped by 9.89% to close at N0.82k. ETRANZACT followed with a 9.42% loss on its share to close at N6.25k while RTBRISCOE had an 8.33% drop on its share price to close at N0.55k

Olusola Akintonde