Equities Investors Gain N430bn, Rally Fuels NGX Indicators
Market capitalisation of all listed companies’ stocks on the Nigerian Exchange (NGX) expanded as equities investors gained about N465 billion on Monday.
The local bourse expanded further after portfolio value surged by more than N2 trillion last week, reflecting a strong drive towards risky assets. Today’s rally boosted key performance indicators by 0.50%, fuelled by sustained buying interest in large and moderately priced stocks.
The market recorded price appreciation in tickers like TRANSPOWER, STANBIC, DANGCEM, ETERNA, and 20 others across major market sectors.
Investors remained upbeat ahead of third-quarter corporate earnings of listed companies – with early positioning pushing the market index upward sustainably. Investment analysts attributed the stock market rally to the continued decline in yields across the fixed-income securities assets.
Trading data from the local bourse revealed that the All-Share Index increased by 674.22 basis points in today’s trading session, reflecting a 0.46% growth to close at a fresh all-time high of 147,717.21.
Also, market capitalisation gained ₦465 billion, representing a growth of 0.46%, settling at ₦93.76 trillion. The growth came on the back of increased market activities. Total volume and total value of all trade conducted on the exchange increased by +59.74% and +20.43%, respectively.
Atlass Portfolio Limited told investors in a noted that approximately 615.91 million units valued at ₦13,278.28 million were transacted across 31,318 deals.
In terms of volume, CONHALLPLC led the activity chart, accounting for 33.90% of the total volume of all trades, followed by FIDELITYBK (7.65%), CHAMS (7.08%), UNIVINSURE (4.82%), and SOVRENINS (3.75%), rounding out the top five.
MTNN emerged as the most traded stock in terms of value, accounting for 19.49% of the total value of all trades executed on the exchange.
SOVRENINS topped the advancers’ chart for today with a price appreciation of 9.97 percent, trailed by REGALINS (+9.68%), TRANSPOWER (+8.92%), CONHALLPLC (+7.14%), HMCALL (+6.80%), CUSTODIAN (+5.78%) and eighteen others.
Twenty-five stocks were depreciated, details from the Nigerian bourse revealed. TRIPPLEG was the top loser, with a price depreciation of -9.92%, trailed by WEMABANK (-4.51%), NGXGROUP (-3.33%), CHAMS (-2.79%), VFDGROUP (-2.26%), and HONYFLOUR (-1.09%).
At the close of the trading session, the market breadth closed slightly negatively, recording 24 gainers and 25 losers. In addition, the market sectoral performance was positive.
The insurance sector grew by +2.11%, followed by the industrial sector with an increase of +0.66%. The consumer goods sector rose by +0.23%, and the banking sector gained +0.16%. The Oil & Gas sector dropped by -0.03%. Bitcoin, Ethereum Drive Fresh Cryptocurrency Market Resurgence
