Equities Investors Gain N223bn as NGX Hits New Historical High
Trading at new historic high, the Nigerian Exchange (NGX) broke another historical high with market capitalisation rising above N71 billion on rally that boosted equities portfolio value by more than N223 billion.
On Wednesday, the local stock market extended its bullish momentum with key market performance indicators rising by 0.32%. The bargain hunting experience was driven by buying interest in selective medium and large-scale stocks across major market sectors, reflecting continued investor confidence and positive market sentiment.
The All-Share Index increased by 354.25 basis points today, to close at a new all-time high of 112,781.73 points, representing a 0.32% gain. Stockbrokers said the strong upward movement in key indicators underscores the market’s resilience and the prevailing optimism among investors.
However, market activities were mixed with modest changes in value and volume traded according to data from the Nigerian Exchange. The total volume traded in the local bourse decreased by 1.78%, while the total value of all trades was up by 3.45%.
In its note, Atlass Portfolio Limited told investors that approximately 611.53 million units valued at ₦16,680.44 million were transacted across 13,682 deals. In terms of volume, FIDELITYBK led the activity chart, accounting for 15.57% of the total volume of all trades consummated on the exchange, followed by GTCO (14.53%), ROYALEX (12.17%), UBA (9.51%), and ACCESSSCORP (6.46%), rounding out the top five.
GTCO emerged as the most traded stock in value terms, accounting for 37.43% of the total value of all transactions on the exchange. OANDO topped the advancers’ chart for today with a price appreciation of 10.00 percent, trailed by ROYALEX (+8.64%), LEGENDINT (+7.27%), LASACO (+6.67%), MAYBAKER (+6.56%), PZ (+5.76%) and twenty-five others.
Twenty-one stocks depreciated, according to data from the local bourse. NCR was the top loser, with a price depreciation of – 9.89%. Other decliners include MEYER (-9.63%), LIVESTOCK (-6.77%), NB (-1.81%), JBERGER (-1.66%), and WAPCO (-0.06%).
Reflecting investors’ sentiment, the market breadth closed positive, recording 31 gainers and 21 losers. Also, the market sectoral performance was positive, as four out of the five major market sectors recorded gains. The Oil & Gas sector led with a growth of 0.92%, followed by the Banking sector, which rose by 0.87%. The Consumer goods sector climbed by 0.50%, and the Insurance sector by jumped by 0.35%.
The Industrial sector was the only sector closing in the red, dropping slightly by 0.01%. Overall, the equities market capitalisation of the Nigerian Exchange appreciated by ₦223.38 billion to settle at ₦71.12 trillion. #Equities Investors Gain N223bn as NGX Hits New Historical High Tunisia’s Central Bank Keeps Key Interest Rate at 7.5%
