Nigerian Exchange Soars as Equity Investors Gain N155bn
The equity segment of the Nigerian Exchange opened the new week on a positive trajectory, extending the positive momentum that boosted year-to-date (YTD) return to 38.33%.
With investors taking on additional risk on stocks, the Nigerian bourse key performance indicators surge by 0.17% as investors take positions in stocks with upside fundamentals.
Stockbrokers said the upbeat performance despite a negative breadth, resulting from higher losers than gainers. Investors showed interest in large-cap and moderately priced stocks across market sectors, underscoring growing investor confidence in the domestic bourse.
The All-Share Index increased by 244.53 basis points to close at 142,377.56 points, while market capitalisation surged by ₦154.76 billion to settle at ₦90.12 trillion.
Market activities were down today as the total volume and total value of all trades dropped by -25.97% and -35.59%, respectively.
In a note, Atlass Portfolio Limited said approximately 383.95 million units valued at ₦11,617.85 million were transacted across 28,114 deals. In terms of volume, FIRSTHOLDCO led the activity chart, accounting for 12.42% of the total volume of all trades executed in the local bourse.
The counter was trailed by ELLAHLAKES (6.39%), VERITASKAP (5.72%), ZENITHBANK (4.90%), and CHAMS (4.23%), rounding out the top five. FIRSTHOLDCO also emerged as the most traded stock in terms of value, accounting for 12.74% of the total value of trade on the exchange.
THOMASWY topped the advancers’ chart for today with a price appreciation of 10.00 percent, trailed by LIVINGTRUST (+9.90%), ETERNA (+9.86%), CAVERTON (+9.28%), FIDELITYBK (+8.13%), EUNISELL (+7.14%) and seventeen others.
Thirty-six stocks depreciated, according to data from the Nigerian market. MANSARD was the top loser, with a price depreciation of -10.00%, trailed by JBERGER (-8.70%), ELLAHLAKES (-7.20%), OANDO (-6.12%), FTNCOCOA (-4.36%), and WAPCO (-3.04%).
Influenced by trading direction, the market breadth closed negatively, recording 23 gainers and 36 losers. Sectoral performance was mixed: Industrial (+1.59%) and Banking (+0.49%) advanced, while Insurance (-3.43%), Consumer Goods (-0.58%), and Oil & Gas (-0.51%) declined.
The Commodity sector remained unchanged. Trading activity weakened as volume fell 25.97% to 383.95 million units and transaction values dropped 35.64% to ₦11.62 billion. Conversely, deals increased 25.79% to 28,114, suggesting higher frequency of smaller trades.
