Nigerian Exchange Gains N217bn as OANDO, ARADEL, CONOIL Rally
Equities investors gained about N217 billion as trading activities on the Nigerian Exchange (NGX) platform gained tractions. Key performance indicators climbed on the day as investors increased bets on oil stocks in particular.
Stock trading data from the local bourse revealed that NGX index recorded 37 basis points uptick, while year to date return advanced again.
The market index or All-Share Index rose by 357.62 basis points in today’s trading session, reflecting a 0.37% increase to close at 96,924.86.
Stock market investors renewed buying interest in CONOIL, ARADEL, NEIMETH, OANDO, and others.
Today, equities market activities increased as the total volume and total value traded for today increased by 77.95% and 64.10% respectively.
In its market note, Atlass Portfolios Limited told investors that approximately 744.54 million units valued at ₦16,477.74 million were transacted across 9,700 deals.
JAPAULGOLD was the most traded stock in terms of volume, accounting for 16.86% of the total volume of traded in the local bourse on Thursday.
Other volume drivers include ELLAHLAKES (14.65%), FBNH (11.24%), OANDO (9.10%), and UBA (5.81%) to complete the top 5 on the volume chart.
JBERGER emerged as the most traded stock in value terms, accounting for 28.02% of the total value of trades on the exchange.
Stock data showed that CONOIL and ARADEL topped the advancers’ chart for today with a price appreciation of 10.00 percent each, trailed by EUNISELL which gained +9.92%.
Other gainers include JOHNHOLT (+9.77%), THOMASWY (+9.71%), CONHALLPLC (+9.66%), TIP (+9.52%) and twenty-five others.
Seventeen stocks depreciated, according to data from the Nigerian Exchange. TANTALIZER was the top loser, with a price depreciation of -6.25%. Other decliners include NGXGROUP (-5.81%), WEMABANK (-5.63%), FCMB (-3.59%), JAPAULGOLD (-2.26%), and MAYBAKER (-0.64%).
Due to positive trading direction, the market breadth closed positive, recording 32 gainers and 17 losers.
Additionally, the market sector performance was positive, as four of the five major market sectors were up, led by the Insurance sector which grew by (+1.84%), followed by the Oil & Gas sector by (+1.77%), the Industrial sector by (+0.02%), and the Consumer goods sector by (+0.01%), while the Banking sector was dropped by 0.38%.
Overall, the equities market capitalisation of the Nigerian Exchange rose by ₦216.83 billion to close at ₦58.73 trillion.#Nigerian Exchange Gains N217bn as OANDO, ARADEL, CONOIL Rally#
