Equities Investors See N53bn Gain as Market Records 32 Risers

Equities Investors See N53bn Gain as Market Records 32 Risers

Equities investors gained about N53 billion on Friday as the Nigerian Exchange, NGX, recorded 32 risers, 17 decliners. Consequently, the All-Share Index rose by 0.09% to close at 99,925.88 points, with the year-to-date return of the index climbing to 33.64%.

According to stockbrokers, the market recorded 32 gainers versus 17 decliners, showing robust market breadth despite low trading activity.  The positive sentiment was driven by significant gains in top performers, Cowry Asset said in its market update.

GUINNESS topped the gainer chart, up by +9.95% on Friday, followed closely by ETRANZACT, which popped up by +9.89%. Other gainers are: UNITYBANK (+9.84%), REGALINS (+9.30%), and RTBRISCOE (+8.93%).

Conversely, notable decliners included ACADEMY (-9.85%), CWG (-9.40%), PRESTIGE (-5.56%), JAPAULGOLD (-3.52%), and SUNUASSUR (-3.23%). Trading activity was subdued, with total deals, traded volume, and value decreasing by 24.61%, 36.71%, and 42.79%, amounting to 7,302 deals, 318.10 million units, and N4.95 billion, respectively.

Sectoral performance was mixed among the tracked sub-indices: the Consumer and Industrial Goods indices gained 0.34% and 0.22%, while the Banking and Insurance indices declined by 0.80% and 0.18%. The oil and gas sector remained unchanged from the previous session. Today, STERLINGNG emerged as the most traded stock by volume, with 42.26 million units in 94 trades.

ZENITHBANK was the most traded by value, worth N1.01 billion in 482 trades. Overall, the equities market capitalisation of the Nigerian Exchange gained N52.97 billion to close at N56.53 trillion on Friday. #Equities Investors See N53bn Gain as Market Records 32 Risers

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