Nigerian Exchange Keeps Uptrend, Equities Investors Gain N189bn
The Nigerian Exchange (NGX) kept uptrend as investors recorded about N189 billion gain in the market on Friday. NGX closed trading activities for the week positive, as the market performance indicators advanced further by +0.32%.
Investors’ buying interest in ARADEL, CONOIL, and others drove the momentum. The All-Share Index increased by 311.33 basis points to close at 97,236.19
The market activities slowed down as the total volume and total value traded for today dropped by 35.67% and 42.82% respectively. In its market update, Atlass Portfolios Limited told investors that approximately 478.94 million units valued at ₦9,422.01 million were transacted across 9,015 deals.
STERLINGNG was the most traded stock in terms of volume, accounting for 25.05% of the total volume of traded on the Nigerian Exchange.
Other volume drivers include ELLAHLAKES (19.23%), ACCESSCORP (11.45%), FIDELITYBK (5.41%), and GTCO (4.72%) to complete the top 5 on the volume chart. ARADEL emerged as the most traded stock in value terms, with 15.82% of the total value of trades conducted on the exchange.
Again, ARADEL topped the advancers’ chart for today with a price appreciation of 10.00 percent. Other gainers include CONOIL (+9.94%), JOHNHOLT (+9.82%), LASACO (+9.09%), FTNCOCOA (+8.00%), MCNICHOLS (+7.91%) and twenty-three others.
Twenty-three stocks depreciated, according to the market update. MEYER was the top loser, with a price depreciation of -9.98%. Other losers include ETERNA (-9.82%), DEAPCAP (-9.32%), LIVESTOCK (-5.24%), JAPAULGOLD (-5.09%), and NEIMETH (-1.04%).
Today, the market breadth closed positive, recording 29 gainers and 23 losers. Meanwhile, sectoral performance was negative, as four of the five major market sectors ended in red.
The Banking sector declined by -0.16%, followed by the Insurance sector which dipped by -0.10%, while the Industrial sector lost -0.02%, and the Consumer goods sector plunged by -0.01%. The Oil & Gas sector was up by 1.37%.
Overall, the equities market capitalisation of the Nigerian Exchange gained ₦188.65 billion to close at ₦58.92 trillion. # Nigerian Exchange Keeps Uptrend, Equities Investors Gain N189bn FG Earmarks N47.5bn for Upgrade of 50 Selected Schools
