Equities Investors Portfolio Value Grows by N541bn on NGX
Equities investors gain N541 billion in portfolio value on the back of bargain hunting on the Nigerian Exchange (NGX) trading platform on Friday. The positive drive lifted key performance indicators higher by 17 basis points.
While the Nigerian Exchange All-Share index advanced by 0.17%, equities market capitalisation jumped by 0.87%. The market index added 170.62 basis points to close at 102,353.68.
Stockbrokers attributed the disparity in performance indicators to today’s listing of Access Holdings Plc’s Right Issue totalling 17,772,612,811 ordinary shares of 50 kobo each at ₦19.75/s.
Investors’ sentiment was bullish today, supported by strong buying interest in medium and large-cap stocks, such as LIVESTOCK, NEIMETH, OANDO, and others.
Market activities, however, declined as the total volume and total value traded on the exchange dropped by 30.57% and 29.28%, respectively. In its note, Atlass Portfolios Limited told investors that approximately 327.84 million units valued at ₦11,807.85 million were transacted across 11,905 deals.
In terms of volume, ACCESSCORP led the activity chart, accounting for 15.00% of the total volume traded in the local bourse on Friday. Other volume drivers include FIDELITYBK (6.23%), UBA (6.13%), OANDO (4.52%), and UNIVINSURE (4.22%), rounding out the top five.
ARADEL emerged as the most traded stock in value terms, accounting for 24.63% of the total value of trades on the exchange. CAVERTON, LIVESTOCK, and SOVRENINS topped the advancers’ chart for today with a price appreciation of 10.00 percent each.
The top gainers were trailed by NEIMETH (+9.94%) growth, ROYALEX (+9.88%), SCOA (+9.73%), CORNERST (+9.73%), JOHNHOLT (+9.46%) and twenty-six others. Twenty-three stocks depreciated, according to data obtained from the domestic bourse. ACADEMY was the top loser, with a price depreciation of -9.74%.
Other losers include PZ (-9.09%), TRANSCORP (-5.91%), DANGSUGAR (-4.94%), ACCESSCORP (-1.63%), and UNILEVER (-1.20%). On Friday, the market breadth closed positive, recording 34 gainers and 23 losers. In addition, the market sectoral performance was positive today, as three of the five major market sectors were up.
The Insurance (+4.04%), Oil & Gas (+1.05%), and Consumer Goods (+0.58%) indexes closed positive following renewed interest in CORNEST (+9.73%), OANDO (+9.28%), and INTBREW (+5.88%). Elsewhere, the Banking index lost (-0.23%) due to selloffs in FBNH (-3.31%), while the Commodity and Industrial indices closed flat.
Overall, the equities market capitalisation of the Nigerian Exchange rose by ₦541.09 billion, representing a growth of 0.87%, settling at ₦62.85 trillion. #Equities Investors Portfolio Value Grows by N541bn on NGX $9.6bn P&ID Scam: I’ve No Witness to Call, Briton Tells Court
