Equities Investors Gain N107bn in Nigerian Exchange Platform
Equities investors gained more than N107 billion on the Nigerian Exchange (NGX) trading platform due to renewed interest in banking, other stocks. Key performance indicators surged by 0.19% as demand for growth, value stock boom, lifting year-to-date return higher near annual inflation rate.
The All-Share Index rose by 186.16 basis points in today’s trading session to close at 97,706.70 points, data from the local bourse showed. Stockbrokers reported that there was strong buying interest in FIDELITYBK, DANGSUGAR, UBA, and others during the trading hours.
However, market activities were mixed, as the total volume traded inched higher by 308.08%, while the total value traded dropped by 1.00%. In its update, Atlass Portfolios Limited told investors that approximately 1,308.71 million units valued at ₦5,961.61 million were transacted across 10,424 deals.interest in
UBA was the most traded stock in terms of volume, accounting for 12.35% of the total volume of traded on the Nigerian Exchange. Other volume drivers include ACCESSCORP (7.57%), CAVERTON (7.01%), GTCO (5.20%), and ELLAHLAKES (4.75%).
In today’s trading session, UBA also emerged as the most traded stock in value terms, with 19.27% of the total value of trades on the exchange.
FIDELITYBK topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by ABCTRANS with (+9.76%) growth, LIVESTOCK (+9.76%), REGALINS (+8.70%), ELLAHLAKES (+8.44%), REDSTAREX (+7.37%), and twenty-two others.
Twenty-four (24) stocks depreciated, according to stockbrokers. SCOA was the top loser, with a price depreciation of -10.00%. Other decliners include BERGER (-9.95%), GUINEAINS (-8.33%), LINKASSURE (-7.07%), NGXGROUP (-2.56%), and ACCESSCORP (-2.25%).
At the close of the trading session, the market breadth closed positive, recording 28 gainers and 24 losers. The sectoral performance was also positive, as three of the five indexes ended on a positive note.
The banking sector grew by +0.81%, followed by the consumer goods sector, which gained +0.40%, while the oil & gas sector rose by +0.22%. On the flip side, the insurance and consumer goods sectors declined by 0.50% and 0.14%, respectively.
Overall, the equities market capitalisation of the Nigerian Exchange gained ₦107.03 billion to ₦56.15 trillion. #Equities Investors Gain N107bn in Nigerian Exchange Platform Naira Exchange Rate Volatility Unsettles CBN, Triggers New FX Permutation
