Equities Investors Gain N299bn, Seplat Tops Value Chart
Equities investors gained more than N299 billion on the Nigerian Exchange (NGX) on Monday, with Seplat as the volume driver in the local bourse.
The stock market opened the new week stronger, extending the previous week’s positive momentum as key market indicators advanced by 0.18%.
The upbeat performance was driven by buying interest in large-cap and moderately priced stocks, underscoring growing investor confidence in the domestic bourse.
Specifically, the market index or All-Share Index, increased by 453.43 basis points to close at 252,566.84 points. Similarly, Market Cap climbed ₦299.37 billion to settle at ₦163.95 trillion.
However, market activity was mixed today, with the total volume of trades executed increasing by 43.12%. Meanwhile, the value of shares traded today dropped by 33.13% from the previous close.
Stockbrokers reported that approximately 1,014.49 million units, valued at ₦39,015.78 million, were transacted in 61,517 deals.
ACCESSCORP topped volume drivers, accounting for 10.73% of the total volume of all trades executed in the market, followed by CHAMS (7.80%), FIDELITYBK (6.95%), ZENITHBANK (4.75%), and GTCO (4.48%), rounding out the top five.
SEPLAT emerged as the most-traded stock by value, accounting for 12.74% of the exchange’s total trading value. UPL topped the advancers’ chart for today with a price appreciation of 9.89 per cent, trailed by CMFC (+9.82%), ABCTRANS (+9.80%), ETERNA (+9.62%), SOVRENINS (+9.17%), ZICHIS (+8.98%) and twenty-six others.
Twenty-three stocks depreciated. FTGINSURE was the top loser, with a price depreciation of – 9.50%, as RTBRISCOE (-6.07%), OMATEK (-4.73%), FTNCOCOA (-3.50%), WEMABANK (-2.11%), and UNILEVER (-0.09%) also dipped in price.
The market breadth closed positively, recording 32 gainers and 23 losers. Sectoral performance was positive today, with three of the five major market sectors closing higher.
Banking sector increased by +1.14%, followed by the Insurance sector, up by +0.04%, and the Oil & Gas sector saw a marginal gain of +0.01%. The Consumer goods sector dropped by -0.10%, while the Industrial sector closed flat.
