Seplat, Deap Capital Top NGX Performers, Investors Gain N283bn
Seplat, Deap Capital, and R.T BRISCOE drove momentum in Nigerian Exchange (NGX) on Thursday with a N283 billion surge in equities portfolio value, based on trading data obtained.
The local bourse maintained its positive trajectory with the All-Share Index (ASI) advancing 0.25% to 178,625.63 points. Market capitalization similarly grew by 0.25%, adding ₦283.24 billion to ₦114.66 trillion.
Market breadth was favorable at 1.3x, with 45 advancing stocks surpassing 35 declining counters. SEPLAT, DEAPCAP, RTBRISCOE, ZICHIS, and DAARCOMM led the gainers, while NAHCO, ABBEYBDS, ETERNA, MAYBAKER, and ETI suffered the steepest losses.
Stockbrokers reported that despite the gain, trading activity weakened broadly as share volume tumbled 25.64% to 698.34 million units, transaction value decreased 16.44% to ₦28.44 billion, and deal count dropped 16.96% to 50,886 transactions.
SEPLAT (+10.00%), DEAPCAP (+10.00%), and RTBRISCOE (+10.00%) led the gainers list; while NAHCO (-9.98%) topped the laggards. Total volume traded retreated by 25.64% to close at 698.34 million, while total value decreased by 16.44% to settle at N28.44 billion.
ACCESSCORP topped the volume chart with 52.05 million units traded, accounting for 7.45% of total volume, whereas GTCO led the value chart with trades worth N4.34 billion, accounting for 15.25% of total value.
Sectoral performance ended on a largely bearish note, with only two indexes posting gains in today’s session. The Oil & Gas (+4.64%) and Commodity (+3.14%) indices were the sole winners, both driven by renewed interest in SEPLAT (+10.00%).
On the flipside, the Insurance (-1.47%) led the laggards, dragged by losses in NEM (-8.33%). The Industrial (-1.09%), Banking (-0.13%), and Consumer Goods (-0.04%) indices closed the session lower, driven by sell-offs in DANGCEM (-1.84%), ETI (-8.72%), and NB (-1.16%), respectively. Wema Bank Hits N1trn as Investors Bet on Earnings Growth
