The equities market is all positive as investors gained N117 billion barely a month after losing N113 billion on the trading floor in July.
Penultimate weekend, share prices of stocks like Oando, Julius Berger, and Cornerstone, amongst others on the trading floor as the equity capitalisation surged to N55.3 trillion from N55.2 trillion recorded by the bourse.
The All-Share Index (ASI) also increased to 96,407.88 from 96,203.65.
The market breadth was positive: 25 stocks advanced and 23 stocks declined, while 70 stocks remained unchanged in 9,851 deals.
Oando, Julius Berger, and Cornerstone led other gainers with 9.98%, 9.97%, and 9.88% growth each in share prices to close at N69.95, N172.60, and N2.78 from the previous N63.60, N156.95, and N2.53 per share.
On the flip side, Scoa, Japaul Gold, and Tantalizers led other price decliners as they shed 9.79%, 7.41%, and 6.76% each to close at N1.75, N2.50, and N0.69 from the initial N1.94, N2.70, and N0.74 per share.
On the volume index, CONHALLPLC led trading with 505 million shares valued at N673 million in 61 deals followed by FBNH which traded 64 million shares valued at N1.410 billion in 294 deals.
ACCESS CORP traded 46 million shares valued at N890 million in 423 deals.
On the value index, FBNH recorded the highest value for the day trading stocks worth N1.4 billion in 294 deals followed by ACCESS CORP which traded equities worth N890 million in 423 deals.
GTCO traded shares valued at N699 million in 351 deals.
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The Nigerian equities market experienced a negative run last July as investors lost N113 billion at the close of trading.
This followed the suspension of the trading of some stocks by the Nigerian Xchange Group (NGX) for failing to file 2023 audited results.
The Head of NGX’s issuer regulation department, Godstime Iwenekhai, in a statement announced the suspension of eight stocks.
The affected companies are – C & I Leasing Plc, Guinea Insurance Plc, Lasaco Assurance Plc and Mutual Benefits Assurance Plc.
Others are – NPF Microfinance Bank Plc, Regency Alliance Insurance Plc, Secure Electronic Technology Plc, and Unity Bank Plc.
He said: “Trading in the shares of the eight companies below have been suspended from the facilities of Nigerian Exchange Limited (NGX or The Exchange) effective today, Monday, 8 July 2024 for not filing their Audited Financial Statements for the year ended 31 December 2023.”
At the end of trading stocks like AFRIPRUD, UACN, and RTBRISCOE amongst others dipped on the trading floor.
After five hours of trading at the capital market, the equity capitalization decreased to N56.4 trillion from N56.5 trillion posted by the bourse on Monday.
The All-Share Index (ASI) decreased to 99,805.95 from 100,007.11 recorded the previous trading day.
The market breadth was positive as 27 stocks advanced and 24 declined, while 56 others remained unchanged in 8,256 deals.