OANDO, UNILEVER Nigeria Drive NGX Higher by N31bn
Equities investors gained more than N31 billion on the Nigerian Exchange (NGX) due to increased buying interest in Oando, Unilever Nigeria and other stocks.
The stock market closed today’s trading session in the green, with key performance indicators increasing by 0.05%. The market index or All-Share Index gained 51.84 basis points to close at 98,944.42.
The market gained momentum over investors’ renewed buying interest in some medium and large Cap stocks, recording positive price movement in OANDO, UNILEVER, FBNH, and others.
In contrast, equities market activities were down, as the total volume and total value traded for today decreased by 51.99% and 66.63% respectively.
In its market update, Atlass Portfolios Limited told investors that approximately 283.74 million units valued at ₦8,290.75 million were transacted across 7,966 deals.
UBA was the most traded stock in terms of volume, accounting for 23.29% of the total volume of traded on the Nigerian Exchange.
Other volume drivers include NB (13.18%), ACCESSCORP (6.20%), OANDO (6.03%), and ZENITHBANK (5.68%). UBA also emerged as the most traded stock in value terms, with 21.62% of the total value of trades on the exchange.
EUNISELL, OANDO, and UNILEVER topped the advancers’ chart for today with a price appreciation of 10.00 percent each.
Other gainers include MCNICHOLS with (+9.79%) growth, REGALINS (+9.62%), OMATEK (+8.06%), DAARCOMM (+7.58%), ABBEYBDS (+7.55%) and twenty-three others.
Sixteen stocks depreciated, according to data from the Nigerian Exchange. ARADEL was the top loser, with a price depreciation of -9.99%. Other decliners include NNFM (-9.93%), CONHALLPLC (-6.12%), ELLAHLAKES (-4.31%), STERLINGNG (-2.24%), and ROYALEX (-1.37%).
Sectoral performance was broadly positive, with three indices closing higher. The Banking index (+2.41%) led the gains, bolstered by strong buying interest in FBNH (+6.49%), ZENITHBANK (+4.66%), and UBA (+5.19%).
The Consumer Goods index (+0.31%) followed, supported by UNILEVER (+10.00%), as investors responded positively to its recent financial results.
The Industrial Goods index (+0.05%) also edged up, driven by gains in WAPCO (+0.83%). On the downside, the Insurance index (-0.42%) fell due to negative sentiment in CONHALLPLC (-6.12%).
The Oil and Gas index remained flat, as gains in OANDO (+10.00%) were offset by losses in ARADEL (-9.99%). Overall, the equities market capitalisation increased by ₦31.42 billion to close at ₦59.96 trillion. #OANDO, UNILEVER Nigeria Drive NGX Higher by N31bn
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