NGX All Share Index Rises, FirstHoldco Drives Trading Volume
The Nigerian Exchange (NGX) All Share Index (ASI) inched higher on Friday following a soft rally, while FirstHoldco accounted for about 50% of all shares traded in the local bourse.
The Nigerian stock market closed trading activities for the month in positive territory, as key market performance indicators edged higher by +0.09%.
Stockbrokers reported that investors showed interest in PZ, MTNN, WEMABANK, MAYBAKER, and other shares. The market index rose by +216.47 basis points in today’s trading session, indicating a +0.09% increase to close at 254,299.49.
Also, market capitalisation climbed by ₦140.55 billion, representing an increase of +0.09%, settling at ₦165.11 trillion. Total volume of trades executed and the total value of all shares traded increased by +52.47% and +49.59%, respectively.
In a note, Atlass Portfolio Limited told investors that approximately 997.57 million units valued at ₦85,810.64 million were transacted across 37,870 deals.
As regards volume, FIRSTHOLDCO generated 49.94% to emerge as the most traded, followed by FIDELITYBK (6.20%), GTCO (4.40%), SOVRENINS (2.74%), and AIICO with 2.06%.
On value traded, FIRSTHOLDCO generated 72.08% of the total value of trade, thereby making it the highest traded on the exchange.
HONYFLOUR and MAYBAKER led the gainers chart, +10.00% each, then trailed by LIVESTOCK (+9.92%), ETERNA (+9.90%), PZ (+9.85%), FIDELITYBK (+9.09%), MULTITREX (+9.09%), and eighteen others.
A total of thirty-two stocks depreciated. With a price depreciation of -10.00%, CAVERTON topped the worst performers’ chart, followed by LIVINGTRUST (-9.94%), VERITASKAP (-9.91%), UPDC (-9.46%), ZICHIS (-9.46%), and FTGINSURE (-9.14%).
Hence, the market breadth closed on a negative note, as there were 25 gainers and 32 losers. Sectoral performance was negative today as all five major market sectors decreased.
The Banking sector led with -1.29%, followed by the Insurance sector (-0.96%), the Consumer goods sector (-0.07%), the Oil & Gas sector (-0.06%), and the Industrial goods sector (-0.002%).
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