Investors begin week with N83bn profit as Aradel, Eunisell, John Holt, others soar

Investors in the Nigerian equities market began the week in the green zone gaining N83 billion on the trading floor of the Nigerian Exchange Group (NGX) on Monday, November 11, 2024.

This followed a surge in the share prices of stocks like Aradel, Eunisell, and John Holt amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to N59.004 trillion from N58.920 trillion recorded by the bourse Friday last week.

The benchmark All-Share Index (ASI) increased to 97,373.94 from 97,236.19 recorded the previous trading day.

The market breadth was positive as 23 stocks advanced and 27 stocks declined, while 72 stocks remained unchanged in 9,902 deals.

Eunisell, Aradel, and Johnholt led other gainers with 10 percent, 9.99 percent and 9.98 percent growth each in share prices to close at N9.02, N533.80, and N5.29 from the previous N8.20, N485.30 and N4.81 per share.

Ucap, Sovrenins, and Prestige led other price decliners with 9.78 percent, 7.25 percent, and 6.67 percent decline each in share prices to close at N16.15, N0.64, and N0.56 from the previous N17.90, N0.69 and N0.60 per share.

On the volume index, Sterlingng led trading with 36 million shares in 168 deals followed by UBA which traded 33 million shares in 876 deals.

Accesscorp traded 24 million shares in 614 deals.

On the value index, UBA topped as the securities traded stock worth N1 billion in 876 deals followed by ARADEL which traded equities worth N1 billion in 323 deals.

Flour Mill traded shares valued at N977 million in 61 deals.