Equities Investors See N77bn Gain as ARADEL, STANBIC Rally
Equities investors gained about N77 billion in the Nigerian stock market on Tuesday due to sustained bargain hunting in Stanbic IBTC, Aradel Holdings. The market closed today’s trading activities in the green, maintaining its latest positive streak that nudged key performance indicators higher by 0.13% apiece.
Investors practically ignore inflation concerns, and increase bets on growth, value stocks with strong upside potential. The All-Share Index climbed by 128.31 basis points to close at 100,050.94 while year to date return increased further due to buying momentum.
Stockbrokers spotted bargain hunting in some large and medium-cap stocks, such as MRS, ARADEL, STANBIC, and others. In a note, Lagos-based investment firm Atlass Portfolios Limited revealed that cumulative six-day rally has increased investors’ wealth by ₦1.18 trillion.
Equities market activities ended on a mixed note on Tuesday as the total volume trades dropped by 35.47%, while the total value traded grew by 33.39%. Atlass portfolios also told investors that approximately 478.08 million units valued at ₦22,512.84 million were transacted across 9,578 deals.
In terms of volume, ETRANSACT led the activity chart, accounting for 14.70% of the total volume of traded in the local bourse. Other volume drivers in the local bourse were TRANSCOHOT (14.64%), OANDO (5.53%), VERITASKAP (4.46%), and STERLINGNG (4.05%).
TRANSCOHOT emerged as the most traded stock in value terms, accounting for 34.67% of the total value of traded on Tuesday on the Nigerian Exchange platform. WAPIC and MRS topped the advancers’ chart with price appreciation of 10.00 each.
Other top performers include CAVERTON with (+9.68%) growth, LASACO (+9.41%), ROYALEX (+9.09%), SOVRENINS (+8.97%), GUINEAINS (+7.46%), and eighteen others. According to trading data from the Lagos bourse, twenty-six stocks depreciated as a result of profit-taking activities. CUTIX was the top loser, with a price depreciation of -10.00%.
Other decliners include TANTALIZER (-9.73%), DAARCOMM (-7.02%), OANDO (-6.10%), FTNCOCOA (-5.88%), and ACCESSCORP (-1.67%) also dipped in price.
Today, the market breadth closed slightly negative, recording 25 gainers and 26 losers. Stockbrokers reported that sector performance was positive, as three of the five major market sectors advanced. The insurance sector grew by 1.56%, followed by the banking sector, which gained 0.19%, while the oil & gas sector increased by 0.06%.
On the other hand, the consumer goods and industrial sectors dropped by 0.15% and 0.02%. Overall, the equities market capitalisation of the Nigerian Exchange rose by N76.56 billion to close at N60.65 trillion. #Equities Investors See N77bn Gain as ARADEL, STANBIC Rally NEM Insurance Targets N7.1bn Profit in Q1-2025
