Investors Trade 1.68bn Shares worth N109.4bn on NGX
Equity investors on the Nigerian Exchange (NGX) traded 1.683 billion shares across sectoral names, worth N109.438 billion, in 76,557 transactions on Wednesday.
This compares with the previous session’s 2.027 billion shares, valued at N87.709 billion, exchanged across 80,888 deals. This reveals a decline in market volume and deals, alongside growth in value.
Meanwhile, the market closed on a positive note, with investors gaining N65 billion. The rally was driven by sustained investor interest in stocks such as DAAR Communications Plc, Fidson Healthcare Plc, Computer Warehouse Group Plc, Berger Paints Nigeria Plc and 34 other equities.
The market capitalisation advanced by 0.04 per cent or N65 billion, rising from N161.774 trillion to N161.839 trillion.
The All-Share Index also increased by 0.04 per cent or 96.52 points, climbing from 252,411.67 to 252,508.19.
While the Year-to-Date (YTD) return strengthened further to 62.27 per cent, the market breadth also closed positive with 38 gainers and 30 losers.
Berger Paints Nigeria Plc, Fidson Healthcare Plc, Computer Warehouse Group Plc, Livestock Feeds Plc and DAAR Communications Plc led the gainers’ chart, each rising by 10 per cent to close at N140.10, N113.30, N23.10, N10.45 and N1.87 per share, respectively.
Conversely, NCR Nigeria Plc led the losers’ chart, declining by 10 per cent to N179.10. Zichis Agro Allied Industries Plc followed with a 9.99 per cent loss, closing at N36.32, while FBN Holdings Plc shed 9.87 per cent to close at N71.20.
Similarly, Neimeth International Pharmaceuticals Plc dipped by 9.66 per cent to N10.75, while Eterna Plc fell by 9.59 per cent to close at N33 per share.
FIRSTHOLDCO led the market in both volume and value, with 575.19 million shares traded worth N44.42 billion, representing 30.40 per cent of total volume and 37.71 per cent of total value for the day.
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