The Nigerian equities market kickstarted the week with N38 billion profit for investors on the trading floor of the Nigerian Exchange Group (NGX) on Monday, January 6, 2025.

This follows a surge in the share prices of stocks like WEMABANK, DAARCOMM, and HONYFLOUR amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization rose to ₦63.203 trillion from ₦63.165 trillion which was recorded by the bourse on the previous trading.

The benchmark All-Share Index (ASI) increased to 103,648.24 from 103,586.33 which was recorded on Friday, last week.

The market breadth was positive as 46 stocks advanced and 19 stocks declined, while 58 stocks remained unchanged in 16,505 deals.

READ ALSO: Nascon, HMCall, Royalex, Sovrenins others top list of stocks to watch this week

WEMABANK, DAARCOMM, and HONYFLOUR led other gainers with 10%, 10% and 9.99% growth each in prices to close at N11.00, N0.77 and N8.37 from the previous N10.00, N0.70 and N7.61 per share.

CUTIX, CAVERTON, and JAIZBANK led other price decliners with 5.45%, 5.36%, and 5.23% decline each in share prices to close at N2.60, N2.65, and N3.08 from the previous N2.75, N2.80 and N3.25 per share

On the volume index, CHAMS led trading with 80 million shares in 504 deals followed by VERITASKAP which traded 60 million shares in 334 deals.

ACCESSCORP traded 54 million shares in 807 deals.

On the value index, GTCO topped as the securities traded stock worth N3 billion in 279 deals followed by ACCESSCORP which traded equities worth N1.3 billion in 807 deals.

BUAFOODS traded shares valued at N1.3 billion in 142 deals.

By: Babajide Okeowo

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now