Nigerian Exchange rebounds, equities investors gain N147bn

Equities investors gained N148 billion on the Nigerian Exchange, trading platform as GTCO, MRS oil, TotalEnergies stock court investors’ attention after sell pressures. Today, the Nigerian bourse delivered an impressive performance, rebounding from its previous loss to close 0.22% higher and end the day in positive territory. Stockbrokers said today’s positive sentiment was driven by buying interest in medium and large cap stocks, such as GTCO, NASCON, MRS, and others. The uptick was further driven by the release of full-year financial performance and corporate action from some quoted companies, which spurred increased investor participation.
Data showed that All-Share Index (ASI) closed at 105,660.64, up 22 basis points from the previous session’s 105,426.12 points. This saw year to date return climbing to 2.66% after sequence of moderation. Stockbrokers said the increase was mirrored by a 0.22% rise in market capitalization, settling at N66.257 trillion, up from the N66.109 trillion recorded on Thursday. Market activity was upbeat as investors sentiment improved. Total volume soared by 29.26% to post 547,574,048 units, in contrast to the previous session 423,617,754 units. Total value of stocks traded surged 135.45% to N21, 617,160,194.61, representing an upturn from Thursday’s record of N9,181,096,632.86.
In its note, Atlass Portfolios Limited told investors that approximately 547.57 million units valued at ₦21,617.16 million were transacted across 13,244 deals. ARADEL emerged as the most traded stock in value terms, accounting for 33.30% of the total value of all transactions conducted on the exchange. ABBEYBDS and UPDC topped the advancers’ chart for today with a price appreciation of 10.00 percent each, trailed by NNFM (+9.96%, MBENEFIT (+9.38%), ROYALEX (+8.25%), GTCO (+7.08%), NAHCO (+7.04%) and seventeen others.
Thirty-one (31) stocks depreciated, according to data from the local bourse.  AFRIPRUD, and INTENEGINS were the top losers, with a price depreciation of -10.00% each. Other decliners include CADBURY (-9.42%), LIVESTOCK (-7.64%), NEIMETH (-6.33%), DANGSUGAR (-4.06%), and JAPAULGOLD (-2.51%). Overall, the equities market capitalisation of the Nigerian Exchange rose by ₦147.05 billion, representing a growth of 0.22%, settling at ₦66.26 trillion.