NGX Index Hits All-Time High, Investors Gain N153bn
The Nigerian Exchange (NGX) All-Share Index hit an all-time high, with investors seeing about N153 billion gain on the day. The market sustained its upward momentum, bolstered by strong buying interest in large- and mid-cap stocks across major market sectors.
The trading record highlighted that key performance indicators expanded by 0.22% as investors continued to take positions. The insurance sector led the charge, posting an impressive 1.10% daily gain.
The market index added 242.50 basis points in today’s trading session, reflecting a 0.22% increase to close at a new all-time high of 109,710.14 points. Nevertheless, market activities were down as the total volume and total value of trades dropped by 41.25% and 38.52%, respectively.
In its note, Atlass Portfolios Limited told investors approximately 428.83 million units valued at ₦8,533.01 million were transacted across 16,338 deals.
In terms of volume, ACCESSCORP led the activity chart, accounting for 7.48% of the total volume of all trades, followed by GTCO (7.21%), AIICO (6.75%), UNIVINSURE (5.84%), and CHAMS (5.56%), rounding out the top five.
GTCO emerged as the most traded stock in value terms, accounting for 24.45% of the total value of all trades conducted on the exchange.
HONYFLOUR, CHAMPION, TRANSEXPR and NNFM topped the advancers’ chart with a price appreciation of 10.00 percent each, trailed by BETAGLAS (+9.99%), LASACO (+9.91%), MCNICHOLS (+9.84%), NEIMETH (+9.79%), BERGER (+9.79%) and twenty-seven others.
Twenty stocks depreciated, according to data from the Nigerian bourse. INTENEGINS was the top loser, with a price depreciation of -9.57%. Other decliners include MULTIVERSE (-9.55%), REGALINS (-6.78%), TANTALIZER (-3.36%), VERITASKAP (-1.87%), and OANDO (- 0.95%).
Today, the market breadth closed positive, recording 36 gainers and 20 losers. Also, the sectoral performance was positive, as four out of the five major market sectors were up, led by the insurance sector, which grew by 1.10%.
The consumer goods sector appreciated by 0.46%, the banking sector rose by 0.44%, and lastly, the industrial sector climbed by 0.43%. The oil & gas sector recorded a loss of 0.18%.
Overall, the equities market capitalisation of the Nigerian Exchange gained ₦152.54 billion, representing a growth of 0.22%, bringing the total value of listed equities to ₦68.95 trillion. #NGX Index Hits All-Time High, Investors Gain N153bn#
