Investors gain N582bn amid sustained buy interest
The Nigerian Exchange Ltd.(NGX) extended gains on Friday, causing investors’ wealth to grow further by N582 billion due to buy interest on the nation’s bourse.
Specifically, investors gained N582 billion in value as market capitalisation grew to N59.416 trillion from N58.834 trillion recorded on Thursday.
Consequently, the All-Share index rose by 0.99 percent or 1,029.04 points to close at 105,085.25, as against 104,056.21 recorded on Thursday.
As a result, the Year-To-Date (YTD) return rose to 40.54 percent.
The upturn was impacted by gains recorded in MTN, Guaranty Trust Holding Company (GTCO), Zenith Bank, United Capital, Transnational Corporation (Transcorp)and other stocks.
Market breadth closed positive with 25 equities on the gainer’s table and 20 others on the loser’s log.
On the price movement chart, GTCO led the gainers table by 9.99 percent to close at N48.45, followed by International Breweries by 9.75 percent to close at N4.39 per share.
Prestige Assurance added 9.26 percent to close at 59k, Julius Berger gained 8.20 percent to close at N72.60, while MTN Nigeria rose by 7.98 percent to closeN267.80 per share.
On the losers table, International Energy Insurance led by 9.63 percent to close at N1.22, C&I Leasing followed by 8.11 percent to close at N3.40 per share.
Vitafoam Nigeria trailed by 5.56 percent to close at N21.25, Transcorp dropped 5.49 percent to close at N15.40 and FG162029S1 declined by 5 percent to close at N90.25 per share .
However, the total volume traded declined by 32.43 percent to 217.21 million shares, valued at N5.01 billion and exchanged in 6,457 deals compared to 226.31 million shares worth N7.41 billion in 5,823 deals at the previous session.
Transactions in the shares of FirstBank of Nigeria Holdings (FBNH) topped the activity chart with 29.58 million shares valued at N1.06 billion.
Transcorp followed with 25.21 million shares worth N392.16 million.
Unity Bank sold 14.13 million shares valued at N25.71 million, while GTCO traded 13.75 million shares worth N645.34 million.
United Capital transacted 12.16 million shares valued at N254.96 million.
…Weekly report: GTCO, Transcorp, Access sustain equity market’s upward trend
Trading in top three equities namely: Transnational Corporation (Transcorp), Guaranty Trust Holding Company (GTCO) and Access Holdings contributed significantly to the stock market’s upward performance in the week ended.
Specifically, a total equity turnover of 1.773 billion shares worth N52.867 billion in 44,713 deals were traded in the week by investors on the Exchange
This is in contrast to 2.157 billion shares valued at N108.824 billion that exchanged hands last week in 51,556 deals.
Meanwhile, the three top equities accounted for 677.439 million shares worth N17.287 billion in 7,789 deals traded, contributing 38.21 per cent and 32.70 per cent to the total equity turnover volume and value respectively.
Categorically, the Financial Services Industry led the activity chart in volume with 1.136 billion shares valued at N23.185 billion traded in 19,896 deals.
The industry contributed 64.04 per cent and 43.86 per cent to the total equity turnover in volume and value respectively.
The Conglomerates industry followed with 339.390 million shares worth N5.874 billion in 3,650 deals.
Consumer Goods industry also trailed third place with a turnover of 82.645 million shares worth N6.724 billion in 6,155 deals.
Also, for Exchange-Traded Products (ETP), a total of 19,403 units valued at N8.143 million were traded this week in 79 deals, compared to 24,397 units valued at N8.936 million transacted last week in 136 deals.
For bonds, a total of 229,700 units valued at N241.474 million were traded this week in 31 deals, as against 63,607 units valued at N63.432 million exchanged last week in 27 deals.
Consequently, the All-Share Index and Market Capitalisation appreciated by 3.71 per cent to close the week at 105,085.25 and N59.416 trillion, respectively.
Similarly, all other indices closed higher, with the exception of Nigeria Exchange Ltd. (NGX) Oil and Gas and NGX Sovereign Bond which depreciated by 0.11 per cent and 3.12 per cent, respectively.
55 equities also appreciated in price during the week under review, making it higher than 22 equities in the previous week.
Also, 24 equities depreciated in price, lower than 56 last week.
However, 75 equities remained unchanged, lower than 76 recorded in the previous week
