Equities Investors See N152bn Gain as NGX Rebounds
Equities investors saw about N152 billion gain as the Nigerian Exchange (NGX) rebounded on Friday. The local bourse closed the week on a positive note, pushing the market performance indicators higher by 0.23%.
The modest rebound was largely driven by bargain hunting in large and mid-cap stocks such as NAHCO, CADBURY, PRESCO, and others, as investors continued to respond to the Q1’2025 financial results released by listed companies.
Stockbrokers reported that the market’s recovery effectively reversed the losses recorded in the previous trading sessions prior to the Worker’s Day holiday. The Nigerian Exchange All-Share Index added 241.72 basis points to close at 106,042.57.
On a week-on-week basis, the market posted a marginal growth of 0.27%, signalling cautious optimism among investors throughout the week.
Market analysts noted that trading activities inched higher, as the total volume and total value of all trades increased by 43.84% and 17.24% respectively.
In its note, Atlass Portfolios Limited told investors that approximately 565.30 million units valued at N14,955.02 million were transacted across 18,367 deals.
In terms of volume, ACCESSCORP led the activity chart, accounting for 9.24% of the total volume of traded in the market, followed by CHAMS (9.02%), UBA (6.29%), FCMB (6.04%), and GTCO (5.57%), rounding out the top five.
GTCO emerged as the most traded stock in value terms, accounting for 14.83% of the total value of transactions consummated on the exchange.
NAHCO, TIP and CADBURY topped the advancers’ chart with a price appreciation of 10.00 percent each, trailed by BETAGLASS (+9.96%), CAVERTON (+9.92%), UPL (+9.89%), BERGER (+9.80%), ABCTRANS (+9.71%) and twenty-one others.
Thirty-nine stocks depreciated, according to data from the Nigerian bourse. DAARCOMM was the top loser, with a price depreciation of -10.00%.
Other decliners include VITAFOAM (-9.94%), ETERNA (-9.91%), MANSARD (-8.78%), ROYALEX (-8.05%), and WEMABANK (-5.67%).
Trading data for Friday showed that the market breadth closed negative, recording 29 gainers and 39 losers. Also, sectoral performance was negative, as three of the five major market sectors were down.
The Insurance sector dropped by 3.50% followed by the Banking sector which dipped by 1.49%, and the Oil & Gas sector fell by 0.17%. The Consumer goods and Industrial sectors both recorded a gain of 2.03% and 0.08% respectively.
Overall, the equities market capitalisation of the Nigerian Exchange rose by ₦151.91 billion to close at ₦66.65 trillion. #Equities Investors See N152bn Gain as NGX Rebounds#
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