Nigerian Exchange Expands as Equity Investors Gain N954bn
The Nigerian Exchange (NGX) maintained its positive momentum on Friday, concluding the week with the All-Share Index advancing 0.93% to 162,298.08 points.
Data from the local bourse revealed that the Nigerian bourse expanded to ₦103.78 trillion as investors gained about N934 billion due to sustained positive sentiment.
Trading activities remained upbeat with 0.93% growth in key performance indicators at the end of the session. The surge was driven by buying interest in MTNN (+7.63%), DANGSUGAR (+9.23%), and WAPCO (+2.04%).
Market breadth remained positive at 1.68x, with 47 gainers outstripping 28 losers. IMG (+10.00%), MCNICHOLS (+10.00%), and SCOA (+10.00%) emerged as the best-performing tickers, while ALEX (-9.91%) and AUSTINLAZ (-9.83%) fell the steepest.
In terms of market activity, trade metrics showed a divergence as total volume traded decreased by 3.25% to close at 624.1 million, while total value increased by 12.61% to reach 18.5 trillion.
ETRANZACT topped the volume chart with 73.0 million units traded (11.7% of total volume), whereas UNILEVER led the value chart with trades worth N1.8 billion (9.7% of total value).
Sectoral performance ended on a largely bullish note, with four indexes posting gains in today’s session. The Industrial Goods (+0.44%) index led the charge, followed by the Consumer Goods (+0.20%) index, driven by buying interests in WAPCO (+2.04%) and DANGSUGAR (+9.23%), respectively.
The Insurance (+0.06%) and Commodity (+0.02%) indices also closed on a positive note, driven by buying interest in MANSARD (+4.50%) and OKOMUOIL (+0.17%), respectively. On the flipside, the Oil & Gas (-0.15%) and Banking (-0.13%) indices closed negative, driven by selloffs in OANDO (-1.60%) and FIRSTHOLDCO (-1.91%), respectively.
Trading metrics showed divergent results as share volume declined 3.25% to 624.08 million units and deal count decreased 1.34% to 43,816 transactions, while transaction value jumped 12.61% to ₦18.52 billion. Naira Climbs to N1,418 as Foreign Reserves Hits $45.623bn
