Nigerian Exchange Falls by N73bn as Investors Dump VFD, OANDO
Equities investors trading highs and lows at the Nigerian Exchange, NGX, platform lost about N73 billion due to negative price movements across key sectorial indexes. Sell pressures were observed on Monday as investors took profit amidst corporate earnings releases.
This happened just after the Nigerian Exchange, NGX, reported a N1.83 trillion gain last week. Hence, year-to-date returns moderated ahead of inflation data for January. Also, key market performance indicators declined by 0.11% due to strong sell-offs.
Equities investors sell down interest in VFDGROUP, OANDO, ETERNA, and PZ after price upticks registered in the market last week. Specifically, the market index, or All-Share Index, decreased by 115.78 basis points today, representing a drop of 0.11% to close at 107,937.74.
However, the market activities were mixed as the total volume traded on the exchange grew by 6.75%, while the total value of all transactions conducted dropped by 7.91%. In its note, Atlass Portfolios Limited told investors that approximately 511.10 million units valued at ₦12,806.75 million were transacted across 17,095 deals.
In terms of volume, ACCESSCORP led the activity chart, accounting for 28.18% of the total volume of traded in the domestic bourse, followed by AIICO (4.83%), UPDC (4.01%), FIDELITYBK (3.90%), and UBA (3.51%), rounding out the top five.
ACCESSCORP also emerged as the most traded stock in value terms, accounting for 31.51% of the total value of trades conducted on the exchange. Nigerian Breweries topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by CADBURY (+9.97%), TIP (+9.88%), INTENEGINS (+9.87%), ENAMELWA (+9.43%), SMURFIT (+7.69%) and fourteen others.
Give the trading direction, forty-one (41) stocks depreciated, according to stockbrokers. IKEJAHOTEL and LEARNAFRCA were the top losers, with a price depreciation of -10.00%. Other losers include VFDGROUP (-9.66%), OANDO (-8.43%), PZ (-6.64%), HONYFLOUR (-3.57%), and TRANSCORP (-1.64%).
Today, the market breadth closed negative, recording 20 gainers and 41 losers. Also, sectoral performance was negative, as three of the five major market sectors were down. the Insurance sector dipped by 1.69%, followed by the Oil & Gas sector which shed 1.07% and the Banking sector fell by 0.40%. The Consumer goods and Industrial sectors rose by 1.35% and 0.12% accordingly.
Overall, the equities market capitalisation of the Nigerian Exchange lost ₦72.50 billion, representing a decline of 0.11%, to close at ₦67.35 trillion. #Nigerian Exchange Falls by N73bn as Investors Dump VFD, OANDO DeepSeek Beats ChatGPT in AI, Rivals Stocks Plunge
