Equities Investors Gain N305bn as ACADEMY, CADBURY, ETERNA Rally
Equities investors saw more than N305 billion gain as Ticker: ACADEMY, CADBURY, and ETERNA, among others, rallied on Friday due to improved investors’ appetite. The Nigerian Exchange (NGX) closed the week on a positive note, as key performance indicators climbed by 0.48% on Friday.
The uptrend was driven by strong buying interest across major market sectors, with the banking sector leading the charge, posting an impressive 1.72% increase, stockbrokers said. The All-Share Index increased by 502.88 basis points to close at 105,933.03 points.
However, the market activities were down today, as the total volume and total value traded in the local bourse reduced by 11.77% and 41.93% respectively. In its note, Atlass Portfolios Limited told investors that approximately 473.98 million units valued at ₦13,370.14 million were transacted across 12,793 deals.
In terms of volume, CUTIX led the activity chart, accounting for 6.38% of the total volume of traded in the local bourse today. Other volume drivers include ACCESSCORP (6.21%), STERLINGNG (5.99%), FIDELITYBK (5.37%), and UNIVINSURE (5.19%), rounding out the top five.
ZENITHBANK emerged as the most traded stock in value terms, accounting for 9.29% of the total value of transactions conducted in the equities market on Friday. ACADEMY and CADBURY topped the advancers’ chart for today with a price appreciation of 9.93 percent each.
Other gainers include ETERNA (+9.90%), LIVESTOCK (+9.85%), UPDC (+9.75%), MAYBAKER (+9.68%), NEM (+9.54%), and thirty-three others.
Today, nineteen stocks depreciated, according to transaction details obtained from the Nigerian stock market. MULTIVERSE was the top loser, with a price depreciation of -9.95%, trailed by MECURE (-9.71%), TANTALIZER (-3.85%), JAPAULGOLD (-3.21%), JAIZBANK (-2.94%), and DANGSUGAR (-1.92%).
Given the trading direction, the market breadth closed positive, recording 40 gainers and 19 losers. In addition, the market sectoral performance was positive, as all the five major market sectors closed in green.
The banking sector grew by 1.72%, followed by the insurance sector, which gained 1.64%, and the industrial sector rose by 0.77%. Also, the oil & gas and consumer goods sectors advanced by 0.11% apiece.
Overall, the equities market capitalisation of the Nigerian Exchange grew by ₦305.06 billion to close at ₦65.59 trillion. #Equities Investors Gain N305bn as ACADEMY, CADBURY, ETERNA Rally AFC Raises $400m in Shariah-compliant Facility to Fund Infrastructure
