April 23, 2024

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Bears Open the Week Trading in NGX

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CEM REPORT, MARKET | The Nigerian Equity Market closed the first-day trading session for the week with the bears taking charge.

At the close of trading on Monday, the All Share Index appreciated by 0.95% to settle at 53,157.83 points from the previous close of 52,657.88 points.

Market Capitalisation grew by 0.95% to close at N28.681 trillion from the previous close of N28.954 trillion.


Consequently, investors gained 273 billion from an aggregate of 201 million units of shares traded in 4,332 deals, valued at N5.666 billion.

The Market Breadth closed positive as 28 equities led by GEREGU and JOHN HOLT appreciated in their share prices against 15 equities led by TRIPPLEG that declined in their share prices.

Percentage Gainers

GEREGU up by 10.00% to close at N176.00

JOHNHOLT up by 10.00% to close at N1.21

NAHCO up by 9.62%

International Energy Insurance up by 9.52

May & Baker up by 8.26%

Percentage Losers

WAPIC down by 8.89%

TRIPPLEG down by 8.57%,

Royal Exchange down by 7.14%

Honeywell Flour down by 6.44%

Volume Drivers

GTCO traded about 23 million units of its shares in just 368 deals, valued at about N578 million.

UBA traded about 11 million units of its shares in 148 deals, valued at about N94 million.

Zenith Bank traded about 36.8 million units of its shares in 314 deals, valued at N924 million.


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