NGX Grows as Investors Record N50 bln Gain
The Nigerian Exchange (NGX) grow on Monday as equity investors’ recorded more than N50 billion gain. Today’s gain lifted the stock market year to date return upward while the NGX indicators grew by 0.20 percent following the price appreciation in 31 stocks.
Market data shows that the Nigerian Exchange All-Share Index rose by 93.43 basis points, representing 0.20 percent appreciation to close at 47,233.91 points.
Consequent to the bullish trading pattern recorded in the space, equity market capitalisation advanced by ₦50.36 billion to close at ₦25.46 trillion. Meanwhile, the market activities were bearish as the total volume and value dipped by 0.76 percent and 35.30 percent, respectively.
Approximately 421.46 million units valued at ₦4.22 billion were transacted in 5,961 deals, according to Atlass Portfolios Limited market report. TRANSCORP led as the most traded stock in terms of volume, accounting for 23.56 percent of the total volume of trades.
The company was followed closely by ZENITH BANK (10.99%), UCAP (7.49%), UBA (6.40%) and FIDELITYBK (5.65%) to complete the top five on the volume chart.
Today, ZENITH BANK emerged as the most traded stock in value terms, with 29.58 percent of the total value of trades on the exchange. UCAP and RTBRISCOE topped the advancers’ chart with a maximum price appreciation of 10.00 percent each.
These stocks were followed by AFRIPRUD (9.56%), GUINNESS (5.71%), STERNLBANK (1.23%), UBA (1.17%), NGXGROUP (1.03%), GTCO (0.95%), ZENITHBANK (0.56%), ACCESS (0.48%), MTNN (0.15%) and twenty (20) others.
On the other hand, sixteen (16) stocks depreciated, led by MULTIVERSE with a price depreciation of 8.00 percent to close at ₦0.23.
FLOURMILL (-4.56%), HONYFLOUR (-4.23%), CUSTODIAN (-2.68%), DANGSUGAR (-1.64%), FBNH (-0.44%), ETI (-0.42%), NEM (-0.25%), and NAHCO (-0.23%) also dipped in price.
According to trading data from the Nigerian bourse, the market breadth closed positive, recording 31 gainers and 16 losers.
Sectorial performance was bullish as four of the five major sectors closed positively compared to the previous session, namely, Banking (0.66%), Consumer Goods (0.37%), Insurance (0.22%) and Industrial Goods (0.01%).
However, Tthe Oil & Gas sector remain unchanged. #NGX Grows as Investors Record N50 bln Gain
