Equities Investors Gain N733bn, NGX Closed at N98.79trn
The Nigerian Exchange (NGX) market capitalisation closed at N98.79 trillion as investors saw an additional gain of more than N733 billion on Friday.
The local bourse wrapped up the trading session stronger as third quarter earnings releases triggered a monster rally across sectoral indices.
Year-to-date return surged as key performance indicators climbed by 75 basis points, supported by ongoing bargain hunting in bellwether stocks.
The Nigerian bourse sustained its eighth consecutive gaining streak, supported by interest in selected medium- and large-scale stocks such as IKEJAHOTEL, ARADEL, DANGSUGAR, DANGCEM, and 30 others.
Specifically, the market index, or All-Share Index increased by 1,160.30 basis points today to close at a new all-time high of 155,650.20 points.
Hence, NGX market capitalisation expanded by ₦733.21 billion to settle at ₦98.79 trillion as market activities improved.
Trading activities inched higher as the total volume and total value of all trades increased by +24.14% and +11.80% respectively. Stockbrokers reported that approximately 1,150.71 million units valued at ₦30,130.91 million were transacted across 29,158 deals.
In terms of volume, FIDELITYBK led the activity chart, accounting for 67.82% of the total volume traded in the market, followed by SOVRENINS (3.76%), TANTALIZER (2.70%), ACCESSCORP (1.96%), and GTCO (1.58%), rounding out the top five.
FIDELITYBK also emerged as the most traded stock in terms of value, accounting for 51.28% of the total value traded on the exchange.
ASOSAVINGS topped the advancers’ chart for today with a price appreciation of 10.00 percent, trailed by IKEJAHOTEL (+7.89%), REGALINS (+7.44%), CAVERTON (+7.08%), NEM (+6.76%), ARADEL (+6.76%) and twenty-eight others.
Twenty-five stocks were depreciated, according to trading details obtained from the Nigerian bourse.
UNIONDICON was the top loser, with a price depreciation of -9.09%, trailed by NEIMETH (-6.67%), LIVINGTRUST (-4.07%), WAPCO (-3.62%), FIRSTHOLDCO (-3.18%), and UBA (-1.14%). Today, the market breadth closed positively, recording 34 gainers and 25 losers.
Sectoral performance was predominantly positive: Oil & Gas (+2.96%), Commodity (+1.48%), Industrial (+1.18%), Insurance (+1.01%), and Consumer Goods (+0.95%) posted gains, while Banking declined 1.06%. MTN Nigeria Hits 52-Week High pf N10.45T as Q3 Earnings Loom
