Investors Gain N36.7bn as OKOMU, ETERNA, OANDO Rally
Equities investors on the Nigerian Exchange (NGX) reported about N37 billion in capital appreciation or gain in the local bourse due to buying interest in Eternal, Oando among others
After negative performance posted last week, the Nigerian bourse resumed trading activities for the new week in the green, with performance indicators rising by 0.07%.
Stock market year to date return advanced as All-Share Index added 63.83 basis points to close at 96,037.28 points, according to data from the Broadstreet.
The market witnessed a better investors buying appetite across major market sectors, particularly in the consumer goods and Insurance sectors, which rose by +1.83% and +1.05% respectively.
According to trading update, market activities ended on a mixed note on Monday. Total volume traded increased by +19.32%, while the total value traded reduced by 15.73%.
In its market update, Atlass Portfolios Limited said approximately 390.51 million units valued at ₦3,884.30 million were transacted across 9,242 deals.
VERITASKAP was the most traded stock in terms of volume, accounting for 17.23% of the total volume of trades, followed by JAPAULGOLD (6.13%), FCMB (5.25%), PRESTIGE (5.18%), and CHAMS (4.69%) to complete the top 5 on the volume chart.
ZENITHBANK emerged as the most traded stock in value terms, accounting for 12.97% of the total value traded on the domestic exchange at the beginning of the week.
ETERNA topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by OKOMUOIL which gained +9.99%. Other gainers include RTBRISCOE (+9.96%), OANDO (+9.93%), JAPAULGOLD (+9.73%), VERITASKAP (+9.52%), and twenty-two others.
On the bearish side, eighteen stocks depreciated, according to stockbrokers. TRANSPOWER was the top loser, with a price depreciation of -9.99%. Other losers include UCAP (-8.35%), UNILEVER (-5.26%), ACCESSCORP (-4.76%), LIVESTOCK (-2.22%), and TRANSCORP (-1.67%).
Given the trading direction, the market breadth closed positive, recording 28 gainers and 18 losers.
Sectorial performance was healthy as the Consumer Goods index (+1.83%) recorded the highest gain, driven by price appreciation in BUAFOODS (+5.73%).
This was trailed by the Insurance (+1.05%), Oil and Gas (+0.73%), and Industrial Goods (+0.01%) indices owing to the upturn in VERITASKAP (+9.52%), OANDO (+9.93%) and CUTIX (+3.23%), respectively.
Conversely, the Banking (-0.41%) index closed negative, following selloffs in ACCESSCORP (-4.76%). Overall, the equities market capitalisation of the Nigerian Exchange rose by ₦36.67 billion to close at ₦55.17 trillion. #Investors Gain N36.7bn as OKOMU, ETERNA, OANDO Rally
