Investors gain N795bn as equities market begins week on positive note

The Nigerian equities market got off to a positive start on Monday, January 27, 2025, as investors gained N795 billion on the trading floor of the Nigerian Exchange Group (NGX).

This follows a surge in the share prices of stocks like Betaglas, RTBRISCOE, and Access Corp amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to N64.440 trillion from N63.645 trillion which was recorded by the bourse on Friday, January 24, 2025.

The benchmark All-Share Index (ASI) increased to 104,418.95 points from 103,598.30 points which were recorded the previous trading day.

The market breadth was positive as 36 stocks advanced and 30 stocks declined, while 56 stocks remained unchanged in 17,196 deals.

Betaglas, RTBRISCOE, and Access Corp led other gainers with 9.98%, 9.92% and 9.88% growth each in prices to close at N65.00, N2.77 and N27.80 from the previous N59.10, N2.52 and N25.30 per share.

MRS, Transcohot, and Eunisell led other price decliners with 10%, 9.97%, and 9.95% decline each in share prices to close at N180.90, N114.65 and N11.40 from the previous N201.00, N127.35 and N12.66 per share.

On the volume index, Access Corp led trading with 50 million shares in 1,053 deals followed by FCMB which traded 40 million shares in 509 deals.

Sterling NG traded 38 million shares in 396 deals.

On the value index, Zenith Bank topped as the securities traded stock worth N1.6 billion in 842 deals followed by Access Corp which traded equities worth N1.3 billion in 1,053 deals.

GTCO traded shares valued at N1.2 billion in 441 deals.