Business
THE equities market on Monday started the week on a mixed note as the Nigerian Exchange Ltd. All-Share Index (NGX ASI) depreciated by 0.04 per cent.
The NGX ASI dipped by 41.70 basis points or 0.04 per cent to close at 105,891.33 basis points.
However, market capitalisation surged by 0.73 per cent or N477 billion to close at N66.069 trillion.
Meanwhile, the overall downturn was impacted by losses recorded in medium and large capitalised stocks.
They include Julius Berger Nigeria, Zenith Bank, United Bank for Africa (UBA), Fidelity Bank and Guaranty Trust Holding Company (GTCO).
The market breadth was positive as 44 stocks advanced, while 25 declined.
Beta Glass, Smart Products Nigeria and Stanbic IBTC Holdings recorded the highest price gain of 10 per cent each to close at N95.15, 22k and N68.20 per share, respectively.
Honeywell Flour Mills followed with a gain of 9.98 per cent to close at N10.47, while Eterna and Northern Nigeria Flour Mills (NNFM) rose by 9.96 per cent each to close at N40.30 and N80.60 per share, respectively.
On the other hand, International Energy Insurance led the losers’ chart by 10 per cent to close at N2.25 per share.
R.T. Briscoe Nigeria followed with a decline of 9.63 per cent to close at N2.44, while Julius Berger declined by 8.44 per cent to close at N128 per share.
Deap Capital Management and Trust depreciated by 8.26 per cent to close at N1, while DAAR Communications declined by 7.41 per cent to close at 75k per share.
Also, the total volume traded rose by 21.15 per cent to 567.289 billion units, valued at N10.414 billion, and exchanged in 17,843 deals.
Transactions in the shares of Secure Electronic Technology topped the activity chart with 84.073 million shares valued at N55.194 million.
Fidelity Bank followed with 67.831 million shares worth N1.361 billion, while Access Holdings traded 40.206 million shares valued at N1.140 billion.
UPDC traded 36.649 million shares valued at N103.787 million, while AIICO Insurance sold 27.233 million shares worth N47.453 million. (NAN)
A.I
Feb. 11, 2025
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