Stock Investors Share N17BN Profit as Index Rises by 0.06%

The Nigerian equities market traded marginally higher as sustained interest in BUA FOODS (+5.6%) underpinned a 0.06% increase in the All-Share Index to 55,769.28 points.

In monetary terms, this is equivalent to N17 billion profit for investors in the market.as equities market capitalisation of the Nigerian Exchange Limited (NGX) further rose to N30.367 trillion.

Consequently, the Month-to-Date and Year-to-Date returns were unchanged at +6.4% and +8.8%, respectively.

Analysing by sectors, the Consumer Goods (+2.1%) and Oil & Gas (+1.6%) indices advanced, while the Banking (-2.5%), Insurance (-2.5%), and Industrial Goods (-0.2%) indices closed lower.

The total volume traded declined by 38.7% to 661.51 million units, valued at N19.00 billion, and exchanged in 10,024 deals.

While ACCESSCORP was the most traded stock by volume at 98.73 million units, while GEREGU was the most traded stock by value at N9.76 billion.

As measured by market breadth, market sentiment was negative, as 39 tickers lost relative to 30 gainers. NASCON (-9.8%) and RTBRISCOE (-9.8%) topped the losers’ list, while MCNICHOLS (+10.0%) and VERITASKAP (+10.0%) recorded the highest gains of the day.

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