Equities Investors Record N170bn Portfolio Value Gain on NGX
LAGOS: The Nigerian Exchange (NGX) all-share index surged as equities investors gained more than N170 billion in the first trading after the independence holiday. The stock market maintained its bullish streak after the break to open trading activities for the final quarter of the year in the green.
NGX positive performance was primarily driven by buying interest in selective large- and medium-scale stocks with good fundamentals. Market movers include PZ Cussons, ETERNA, GTCO, CADBURY and other stocks with upside potential across sectoral names.
The stock market index inched higher by 0.19%, up by 270.74 basis points to close at 142,979.45. Market capitalisation recorded a gain of ₦170.72 billion, representing a 0.19% increase to settle at ₦90.75 trillion.
In the last five trading sessions, the market has gained ₦1.69 trillion, underscoring increased appetite for risk assets.Today, the market activities inched higher as the total volume and total value of all trades executed surged by +402.49% and +82.57%, respectively.
Stockbrokers reported that approximately 6,233.45 million units valued at ₦54,451.81 million were transacted across 32,682 deals.
In terms of volume, UBA led the activity chart, accounting for 19.44% of the total volume of all trades conducted, followed by WEMABANK (19.42%), FIRSTHOLDCO (14.28%), ZENITHBANK (6.02%), and STANBIC (3.96%) rounding out the top five.
Ticker: UBA also emerged as the most traded stock in terms of value, with 22.28% of the total value of trade on the exchange.
PZ topped the advancers’ chart for today with a price appreciation of 10.00 per cent, trailed by ETERNA (+9.94%), CHAMPION (+9.82%), TANTALIZER (+5.96%), AIICO (+5.43%), NEIMETH (+5.13%) and twenty-eight others.
Twenty-five stocks depreciated, according to trading data from the Nigerian Exchange. RTBRISCOE was the top loser, with a price depreciation of -9.89%, trailed by THOMASWY (-9.82%), BERGER (-7.18%), LIVESTOCK (-3.95%), MAYBAKER (-2.76%), and FIRSTHOLDCO (-1.59%).
At the end of the trading session, the market breadth closed positively, recording 34 gainers and 25 losers. Also, the sectoral performance was positive.
The Insurance index grew by +0.42%, followed by the Consumer goods sector with an increase of +0.35%, the Banking sector rose by 0.17% and the Oil & Gas sector posted 0.12% gain. The Industrial sector recorded a marginal loss of -0.02%. #FCMB Delivers 16% YTD Return to Shareholders in 9 Months
