The equities market started the week in the negative zone at the Nigerian Exchange Group (NGX), with investors losing N448 billion on Monday, October 28, 2024. This decline was attributed to drops in the share prices of companies such as BUACEMENT, LASACO, and DAARCOMM, among others. After five hours of trading, the equity capitalization fell to N59.812 trillion, down from N60.260 trillion recorded the previous Friday.
The benchmark All-Share Index (ASI) also decreased, falling from 99,448.91 to 98,708.90 over the course of the day. The market breadth was negative, with 17 stocks advancing, 28 stocks declining, and 73 stocks remaining unchanged in a total of 9,417 transactions.
EUNISELL, LIVESTOCK, and TRANSCORP were among the top gainers, each experiencing significant growth in their share prices of 10%, 9.97%, and 9.95%, respectively, closing at N3.85, N3.75, and N48.60, up from the previous prices of N3.50, N3.41, and N44.20 per share.
Conversely, BUACEMENT, LASACO, and DAARCOMM were the leading decliners, with their share prices dropping by 10%, 9.79%, and 9.38%, which brought their prices down to N99.00, N2.58, and N0.58 from the previous values of N110.00, N2.86, and N0.64 per share. In terms of trading volume, CHAMS led with 84 million shares traded across 72 deals, followed by UBA with 27 million shares in 738 deals. ACCESSCORP traded 22 million shares in 559 deals.
On the value index, UBA topped the list with shares worth NN790 million traded in 738 deals, followed by TRANSCORP, which traded equities valued at NN507 million in 465 deals. ACCESSCORP traded shares valued at NN503 million in 559 deals.