Investors Gain N272bn over Buy Side Activities on Nigerian Exchange
The Nigeria Exchange (NGX) welcome bullish display in the equities segment of the market where investors trading highs and the lows were seen taking positions in value, growth stock. Investors recorded about N272 billion gain due to strong buy side activities in the local bourse on Tuesday.
The market is still expecting big banks earnings release with expectation of competitive interim dividend payments to shareholders.
The solid daily growth stemmed from buying interest in FBNH (+9.98%), OANDO (+9.98%), OKOMUOIL (+9.98%), JBERGER (+10.00%), and TOTAL (+10.00%). Market data showed that JBERGER (+10.00%) led the gainer’s log, while UPL (-9.58%) held the helm for the laggards.
Trading records from the exchange showed that all-Share Index added 472.85 basis points today, reflecting a 0.49% increase to close at 96,510.13.
Stockbrokers at Atlass Portfolios Limited noted that investors buying appetite strengthened across all the major market sectors, particularly the Oil & Gas sector, which surged by 4.14%.
Trading activities in the local market inched higher due to improved sentiment. Total volume and total value traded grew by 13.48% and +45.08% respectively.
Approximately 443.16 million units valued at ₦5,635.17 million were transacted across 8,493 deals, according to data from the local bourse cited by Atlass Portfolios Limited.
VERITASKAP was the most traded stock in terms of volume, accounting for 18.76% of the total volume of trades, followed by ACCESSCORP (12.64%), UNIVINSURE (6.57%), FBNH (5.34%), and FCMB (4.72%) to complete the top 5 on the volume chart.
Today, ACCESSCORP emerged as the most traded stock in value terms, accounting for 18.94% of the total value of stocks traded on the exchange.
JBERGER, JOHNHOLT, NEIMETH, and TOTAL topped the advancers’ chart with a price appreciation of 10.00 percent each.
These gainers were trailed by OKOMUOIL, OANDO, and FBNH which gained +9.98% each. Other risers include ETERNA (+9.96%), ABBEYBDS (+9.87%), and thirty-eight others.
Fourteen stocks depreciated, according to data from the Nigerian equities market. UPL was the top loser, with a price depreciation of -9.58%. Other decliners include CUTIX (-6.25%), VITAFOAM (-5.17%), TRANSCORP (-5.08%), DANGSUGAR (-4.40%), and CHAMS (-0.47%).
Based on trading trajectory, the market breadth closed positive, recording 47 gainers and 14 losers.
All five indexes closed positive in today’s rendition. Oil & Gas (+4.14%), Banking (+1.45%), Insurance (+1.30%), Consumer Goods (+0.45%), and Industrial Goods (+0.04%) indices recorded gains driven by positive sentiments in OANDO (+9.98%), FBNH (+9.98%), CORNEST (+8.58%), INTBREW (+6.64%), and JBERGER (+10.00%), respectively.
Overall, the equities market capitalisation of the Nigerian Exchange rose by N271.61 billion to close at N55.44 trillion on Tuesday. #Investors Gain N272bn over Buy Side Activities on Nigerian Exchange
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