Equities Investors Gain N117bn as IntBrew, Oando Rally

Equities Investors Gain N117bn as IntBrew, Oando Rally

Equities investors on the floor of the Nigerian Exchange (NGX) saw about N117 billion.  The NGX All-share index and market capitalization gained 21bps apiece to settle at 96,407.88 points and N55.38 trillion, respectively.

Stockbrokers said the positive outturn stemmed from upticks in OANDO (+9.98%), JBERGER (+9.97%) and INTBREW (+8.89%). Market breadth printed positive at 1.17x, as 27 gainers outpaced 23 losers.

In the market chart, OANDO (+9.98%) emerged as the top gainers, while SCOA (-9.79%) topped the laggards. Due to buying interest, the market activities inched higher.  Total volume and total value traded for the day increased by 116.51% and 63.75% respectively.

Stock analysts said approximately 966.97 million units valued at ₦7,420.24 million were transacted across 9,851 deals.

CONHALLPLC was the most traded stock in terms of volume, accounting for 52.47% of the total volume of trades, followed by FBNH (6.65%), ACCESSCORP (4.86%), PRESTIGE (2.72%), and UNIVINSURE (2.42%) to complete the top 5 on the volume chart.

FBNH emerged as the most traded stock in value terms, accounted 19.04% of the total value of trades on the exchange.

OANDO topped the advancers’ chart for today with a price appreciation of 9.98 percent, trailed by JBERGER with (+9.97%) growth, CORNERST (+9.88%), ETERNA (+9.86%), DAARCOMM (+9.84%), RTBRISCOE (+9.75) and nineteen others.

Twenty-three stocks depreciated, according to data from the local bourse. SCOA was the top loser, with a price depreciation of -9.79%. Other decliners include JAPAULGOLD (-7.41%), TANTALIZER (-6.76%), LINKASSURE (-5.00%), HONYFLOUR (-4.76%), and NASCON (-0.90%).

Also, the market breadth closed positive, recording 25 gainers and 23 losers. In addition, the market sector performance was positive, as three of the five major market sectors closed in green,

The Insurance (+1.99%), Consumer Goods (+1.26%), and Oil & Gas (+0.39%) sectors closed positive from positive sentiment in CORNERST (+9.98%), INTBREW (+8.89%) and OANDO (+9.98%). On the flip side, the Banking (-0.75%) and Industrial Goods (-0.01%) sectors closed down, stemming from sell-offs in UBA (-3.52%) and WAPCO (-0.27%).

Overall, the equities market capitalisation rose by 117.31 billion to close at ₦55.38 trillion. #Equities Investors Gain N117bn as IntBrew, Oando Rally