Equities Investors Gain N341bn as Dangote, BUA Cement Rally
Equities investors gained more than N341 billion as the Nigerian Exchange (NGX) opened strong after a positive close with about N3.5 trillion increase in portfolio value last week.
The local bourse extends rally ahead of inflation data and rising year to date, which reflects positive sentiment on stock with sound fundamentals.
This gain pushed the year-to-date (YTD) return to 23.09%, underscoring sustained investor confidence and an overall optimistic market sentiment. Market capitalization rose by ₦341 billion to ₦80.14 trillion, reflecting deeper market liquidity and heightened buying interest.
Stockbrokers said today’s rally was largely supported by active accumulation of large-cap and fairly priced stocks such as; DANGCEM (1.2%), TRANSCORP (7.5%) , BUACEMENT (5.3%), and 41 others.
The All-Share Index increased by 229.85 basis points to close at a new all-time high of 126,379.44 points, representing a 0.18% gain.
Trading activities were mixed today as the total volume of trades dropped by 10.03%, while the total value traded was up by 0.21%. In its market note, Atlass Portfolio Limited told investors that approximately 1,250.06 million units valued at ₦30,615.64 million were transacted across 38,918 deals.
In terms of volume, ACCESSCORP led the activity chart, accounting for 10.75% of the total volume of trades, followed by JAPUALGOLD (7.27%), AIICO (7.27%), UBA (5.36%), and JAIZBANK (4.65%), rounding out the top five.
SEPLAT also emerged as the most traded stock in value terms, accounting for 16.72% of the total value of all trades consummated on the exchange.
NSLTECH topped the advancers’ chart for today with a price appreciation of 10.00 percent, trailed by ABBEYBDS with (+9.99%) growth, IKEJAHOTEL (+9.95%), MCNICHOLS (+9.92%), TRIPPLEG (+9.78%), ABCTRANS (+9.77%) and thirty-eight others.
Thirty-six stocks depreciated, according to stockbrokers. RTBRISCOE, CAVERTON, CUTIX, and TANTALIZER were the top losers, with a price depreciation of -10.00% each. Other decliners include NEIMETH (-9.95%), ELLAHLAKES (-9.90%), JAPAULGOLD (-9.85%), INTBREW (-9.09%), and LIVESTOCK (-5.26%).
Due to bargain hunting, the market breadth closed positive, recording 44 gainers and 36 losers. The sectoral performance was also positive.
Sectoral performance was largely upbeat, led by the Industrial Goods (+2.27%), Banking (+0.55%), Commodities (+0.41%), and Oil & Gas (+0.02%) sectors. Conversely, the Consumer Goods (-0.35%) and Insurance (-1.73%) sectors posted marginal declines. #Equities Investors Gain N341bn as Dangote, BUA Cement Rally#
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