Equities Investors Gain N136bn WAPCO, UNILEVER Rally

Equities Investors Gain N136bn WAPCO, UNILEVER Rally

Equities investors trading highs and lows on the Nigerian Exchange (NGX) platform gained more than N136 billion on Tuesday on health performance on sector indexes.

The market extended its positive momentum, with key performance indicators rising by 0.23%. The NGX All-Share Index climbed by 225.06 basis points to close at 97,972.33.

Stockbrokers witnessed buying interest in medium- and large-scale stocks across major market sectors, despite the challenging macroeconomic environment characterized by high inflation and elevated interest rates.

However, market activities were mixed, as the total volume traded decreased by 19.21% while the total value grew by 20.33%. In its market update, Atlass Portfolios Limited told investors that approximately 333.95 million units valued at ₦6,421.30 million were transacted across 9,187 deals.

ACCESSCORP was the most traded stock in terms of volume, accounting for 11.36% of the total volume of traded in the equities market.

Other volume drivers include JAPAULGOLD (7.95%), CHAMS (7.10%), CONHALLPLC (4.92%), and UBA (4.84%) to complete the top 5 on the volume chart.

ACCESSCORP also emerged as the most traded stock in value terms, accounting for 14.18% of the total value of trades on the exchange. Ticker: WAPCO and UNILEVER topped the advancers’ chart with a price appreciation of 10.00 percent each.

Other gainers include SCOA (+9.94%), EUNISELL (+9.94%), JOHNHOLT (+9.89%), TANTALIZER (+9.76%), JAPAULGOLD (+9.30%), and twenty-eight others.

Twenty-four (24) stocks depreciated, according to data from the Nigerian bourse. PZ was the top loser, with a price depreciation of -9.82%. Other decliners include BERGER (-7.71%), HONYFLOUR (-4.85%), CONHALLPLC (-4.50%), NAHCO (-2.95%), and TRANSCORP (-1.71%).

Stockbrokers said all five indices closed positive at today’s session. Taking the lead was the insurance index (+1.90%), followed by the industrial goods (+0.55%). Others are Oil and Gas (+0.35%), Consumer Goods (+0.25%), and Banking (+0.25%) indices.

Overall, Nigerian Exchange market capitalisation expanded by N136.38 billion to settle at N59.37 trillion. #Equities Investors Gain N136bn WAPCO, UNILEVER Rally Naira Plummets to N1690/$ after CBN Priced Spot Rate High