Equity trading volume jumps 189% as 22 companies gain
Twenty-two companies listed on the Nigeria Exchange Limited saw their stock prices rise on Monday as trading volume rose 189.27%.
Investors in the equity market gained 3 billion naira as market capitalization reached 19.77 billion naira while the NGX All-Share index rose 0.01 percent to 37,952.65 points. based.
The NGX Premium Index lost 0.68 basis points, reflecting the losses of all Level 1 banks on the index.
Eterna Plc topped the winning rankings with a 10.00% increase in its stock price, closing at 7.15 N. It was closely followed by University Press Plc, which rose 9.93 percent for close at 1.55 N per share.
Cutix Plc, Regency Alliance Insurance Plc and Learn Africa Plc were also on the list of the top five winners with respective gains of 9.92%, 8.89% and 7.76%.
Ten companies recorded losses at the end of their listing on the NGX floor. FTN Cocoa Processors Plc recorded the biggest loss, with its share price falling 7.32 percent to close at 0.38 N.
Sovereign Trust Insurance Plc fell 6.06 percent to close at N 0.31 per share. The other big losers were Ecobank Transnational Corporation (-3.77%), Sterling Bank Plc (-3.21%) and Union Bank Nigeria Plc (-3.21%).
On Monday, deal volumes rose 189.27% ââto 462.81 million shares worth 1.20 billion naira traded in 3,610 trades for 159.99 million shares worth of 927.86 million naira traded in 3,038 trades on Friday.
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