Equities Investors Gain N123bn as UBA, OANDO Rally
Equities investors on the Nigerian Exchange (NGX) platform recorded more than N123 billion gain as UBA, ETranzact and Oando Plc topped gainers chart.
Due to buying interest, the NGX key performance indicators inched higher by 0.22% while year to date return advanced at the beginning of the week.
Data showed that the market index or the All-Share Index rose by 213.94 basis points today, reflecting a 0.22% increase to close at 96,793.95.
The equities market witnessed heightened investor interest in large and medium-ca stocks, such as OANDO, CONOIL, UBA, and others. However, market activities inched lower, as the total volume and total value traded for the day dropped by 13.21% and 75.05%, respectively.
In its market update, Atlass Portfolios Limited said approximately 498.12 million units valued at ₦11,036.57 million were transacted across 13,149 deals.
UBA was the most traded stock in terms of volume, accounting for 11.02% of the total volume of trades, followed by ZENITHBANK (8.03%), OANDO (7.71%), ACCESSCORP (7.36%), and PRESTIGE (4.95%) to complete the top 5 on the volume chart.
Ticker: OANDO emerged as the most traded stock in value terms, accounting for 29.01% of the total value of stocks of traded on the exchange.
OANDO topped the advancers’ chart for today with a price appreciation of 9.95 percent, trailed by IMG with (+9.85%) growth, ETRANZACT (+9.80%), CONOIL (+9.72%), UPL (+9.13%), DEAPCAP (+9.09%) and twenty-two others.
Twenty-nine stocks depreciated, according to data from the Nigerian Exchange. LIVESTOCK was the top loser, with a price depreciation of -10.00%. Other decliners include RTBRISCOE (-9.86%), CORNERST (-9.63%), DAARCOMM (-9.59%), FTNCOCOA (-8.11%), and UCAP (-3.02%).
At the end of trading session, the market breadth ended marginally negative, recording 28 gainers and 29 losers. On the other hand, the market sector performance was positive.
Today, three out of the five major market sectors ended the day positive. The Oil & Gas sector advanced by +1.74%, followed by the banking sector which gained +1.09% while the Industrial sector by popped up by +0.05%.
The Insurance and Consumer goods sectors were down by -2.20% and -0.35% respectively.
Overall, the equities market capitalisation of the Nigerian Exchange increased by ₦123.19 billion to close at ₦55.60. #Equities Investors Gain N123bn as UBA, OANDO Rally
