Equities Investors Gain N84bn on NGX as ARADEL, EUNISELL Rally

Equities Investors Gain N84bn on NGX as ARADEL, EUNISELL Rally

Investors recorded about N84 billion gain as Aradel Holdings, Eunisell Interlinked, Flour Mills of Nigeria Plc stocks surged due to strong buying interest that occurred on the Nigerian Exchange (NGX) platform on Monday.

The Nigerian Exchange opened the week positive after a negative end last week. Equities market capitalisation grew by N84 billion or 0.14 per cent to close at N59.004 trillion.

Due demand for valued stocks, the All-Share Index gained 0.14 per cent or 138.1 points, to close at 97,374.25, against 97,236.19 recorded on Friday. The trading direction lifted equites market year to date to 30.23%, data from the Nigerian Exchange showed.

However, market activities were down, as the total volume and total value traded for dropped by 37.81% and 20.21% respectively.  Stockbrokers reported that approximately 297.83 million units valued at ₦7,517.55 million were transacted across 9,902 deals.

STERLINGNG was the most traded stock in terms of volume, accounting for 12.14% of the total volume of traded in the equities market.  Other volume drivers include UBA (11.26%), ACCESSCORP (8.26%), FLOURMILL (5.05%), and FBNH (4.88%) to complete the top 5 on the volume chart.

UBA emerged as the most traded stock in value terms, accounting for 13.86% of the total value of trades on the exchange. Again, EUNISELL topped the advancers’ chart for today with a price appreciation of 10.00 percent.

Other gainers include ARADEL (+9.99%), JOHNHOLT (+9.98%), DEAPCAP (+9.35%), CUSTODIAN (+8.62%), TANTALIZER (+7.14%), CUSTODIAN (+8.62%) and FLOURMILL (+1.56%) and others Twenty-seven stocks depreciated, according to data from the Nigerian bourse. UCAP was the top loser, with a price depreciation of -9.78%.

Other decliners include PRESTIGE (-6.67%), CONHALLPLC (-5.88%), STERLINGNG (-4.76%), ELLAHLAKES (-2.45%), and ZENITHBANK (-0.95%).

Sectoral performance was bearish, with two indices ending on a positive note and three others closing in the negative. The Insurance (+0.23%) and the Oil & Gas (+0.16%) indices closed positive, reflecting investor interest in MANSARD (+5.93%) and ARADEL (+9.99%).

Conversely, sell-offs in ACCESSCORP (-2.64%), DANGSUGAR (-2.60%) and WAPCO (-0.52%) negatively impacted the Banking (-0.81%), Consumer Goods (-0.10%) and the Industrial Goods (-0.03%) indices, respectively. #Equities Investors Gain N84bn on NGX as ARADEL, EUNISELL Rally #Equities Investors Wealth Rises as Nigerian Exchange Rally