Nigerian Exchange Inches Near N126trn, Investors Gain N805bn

Nigerian Exchange Inches Near N126trn, Investors Gain N805bn

Nigerian Exchange (NGX) market capitalisation inched near N126 trillion on Monday, as equities investors gained about N805 billion in an ongoing bargain hunting.

The market opened the week on a positive note, with key performance indicators showing mixed results.  The market index increased by 0.64%, while the market capitalisation climbed by 0.63%.

Specifically, the NGX All-share index added 1,252.88 basis points in today’s trading session, reflecting a 0.64% increase to close at 196,242.65.

Likewise, NGX market cap rose by ₦804.56 billion, or 0.63%, to ₦125.97 trillion, driven by buying interest in some medium- and large-cap stocks across major market sectors.

Total volume traded in the local bourse increased by +45.82%, while the total value of all traded stocks declined by -2.19%. Stockbrokers reported that approximately 1,196.48 million units valued at ₦27,704.21 million were transacted across 92,099 deals.

JAPAULGOLD topped the volume chart, accounting for 36.96% of all executed trades, followed by CHAMS (4.02%), JAIZBANK (3.76%), NSLTECH (3.61%), and MBENEFIT (3.31%).

In terms of value traded, ARADEL accounted for 13.17% of total trade, making it the most traded on the exchange.

Meanwhile, on the best performers’ chart, FTGINSURE and OKOMUOIL led with gains of +10.00% each, followed by FIDSON (+9.90%), NPFMCRFBK (+9.89%), INFINITY (+9.84%), SKYAVN (+9.83%), AIICO (+9.52%), and 25 others.

A total of thirty-four stocks depreciated. With a price depreciation of -10.00%, TIP topped the worst performers’ chart, followed by DEAPCAP (-9.97%), LIVINGTRUST (-9.92%), MULTIVERSE (-9.92%), ELLAHLAKES (-9.77%), and OMATEK (-8.62%). Hence, the market breadth closed on a negative note, with 32 gainers and 34 losers.

Sectoral performance was largely positive today, with four out of 6 major indices closing higher. The Insurance (+3.42%) index closed higher on price gains in AIICO (+9.52%), MANSARD (+8.28%) and MBENEFIT (+6.09%).

Also, the Banking (+1.44%), Industrial Goods (+1.30%), and Commodity (+0.71%) indices benefited from gains in ZENITHBANK (+2.83%), BUACEMENT (+4.29%) and OKOMUOIL (+10.00%), respectively.

Conversely, the Oil & Gas (-0.20%) and Consumer Goods (-0.11%) indices were pressured by selloffs in OANDO (-4.76%) and MULTIVERSE (-9.92%), respectively. #Treasury Bills Yield Falls as Investors Refill Lost Auction Bids