The Nigerian Exchange (NGX) market capitalisation swelled as equities investors gained N1.9 trillion over a sustained bullish trend in the local bourse.
The stock market closed trading activities for today on a positive note, as key market performance indicators appreciated by 1.65%.
Stockbrokers said the significant portfolio value surge was driven primarily by sustained buying interest amid investors’ solid optimism in some mid-cap and blue-chip stocks across all market sectors.
The market index or All-Share Index added 2,863.20 basis points in today’s trading session, reflecting a 1.65% increase to close at 176,809.42. Market capitalisation increased by ₦1,837.92 billion, representing a growth of 1.65%, settling at ₦113.50 trillion.
Nigerian Exchange Insights
Reflecting investors’ sentiment onthe Nigerian Exchange, the total volume of listed companies’ shares traded increased by +68.08% while the total value traded rose by +80.64%.
Stockbrokers at Atlass Portfolio Limited reported that approximately 1,302.95 million units valued at ₦50,426.61 million were transacted across 58,965 deals.
ACCESSCORP topped the volume chart. The share of the financial company traded accounted for 12.96% of aggregate volume in the market, followed by VERITASKAP (6.43%), TANTALIZER (5.23%), ZENITHBANK (4.98%), and GTCO with 4.36%.
MTNN led value chart. The telecom stock accounted for 13.98% of the total value of all stocks traded in the local bourse on Tuesday.
Meanwhile, on the best performers’ chart, DEAPCAP, ETRANZACT, JOHNHOLT, and OMATEK led by generating +10.00% each, then trailed by VITAFOAM (+9.98%), IMG (+9.96%), WAPCO (+9.95%), SCOA (+9.94%), RTBRISCOE (+9.94%), and fifty-six others.
A total of twenty-two stocks depreciated. With a price depreciation of -9.82%, ABBEYBDS topped the worst performers’ chart, followed by SKYAVN (-9.06%), GUINEAINS (-6.67%), CONHALLPLC (-6.64%), LIVESTOCK (-6.34%), and CORNERST (-6.18%).
Hence, the market breadth closed on a positive note as there were 65 gainers and 22 losers.
Sectoral performance was bullish as all sectors closed in green. The Oil & Gas (+2.97%) and Commodity (+1.78%) indexes closed higher, driven by gains in ARADEL (+7.14%).
The Industrial Goods (+2.93%), Banking (+1.83%), Consumer Goods (+0.18%), and Insurance (+0.01%) indexes also posted gains, supported by buy interests in BUACEMENT (+4.92%), ZENITHBANK (+2.42%), DANGSUGAR (+4.02%), and AIICO (+4.89%), respectively. NNPC Reaffirms Commitment to Indigenous Capacity, Gas-led Growth
