Equity Market Cap Tops N131trn as Guinness, Lafarge, IntBrew Rally
With a market cap above N131 trillion, equity investors on the Nigerian Exchange (NGX) gained about N392 billion on Friday, driven by Guinness Nigeria, Lafarge Africa, and International Breweries.
Due to bargain hunting, the Nigerian Exchange key market performance indicators edged higher by 30 basis points, though trading activities eased.
Although the market breadth closed negative, there was buying interest in some mid-cap and blue-chip stocks across major market sectors.
Consequently, the market index or All-Share Index climbed by 608.61 basis points in today’s trading session, reflecting a 0.30% increase to close at 203,770.42. Likewise, NGX market capitalisation increased by ₦391.75 billion to close at ₦131.17 trillion.
The total volume of all shares traded in the local bourse and their total value declined by -15.97% and -21.00%, respectively. Stockbrokers reported that approximately 548.60 million units valued at ₦31,457.62 million were transacted across 48,538 deals.
ACCESSCORP drove volume, accounting for 9.64% of all shares traded, followed by ZENITHBANK (8.75%), UBA (7.12%), NSLTECH (6.71%), and GTCO (6.39%).
ARADEL topped the value chart, accounting for 20.71% of the total value of all shares executed on the NGX platform, thereby making it the highest traded on the exchange.
TRANSEXPR led by gainers chart, up +9.91%, then trailed by INTBREW (+9.88%), CHAMS (+9.84%), GUINNESS (+9.38%), WAPCO (+8.52%), UPDC (+8.33%), and sixteen others.
A total of thirty-two stocks depreciated. With a price depreciation of -10.00%, OMATEK topped the worst performers’ chart, followed by AUSTINLAZ (-9.93%), WAPIC (-9.88%), ZICHIS (-9.58%), CORNERST (-8.77%), and NEIMETH (-8.00%). Hence, the market breadth closed on a negative note, with 22 gainers and 32 losers.
Sectoral performance was mixed in today’s session. The Consumer Goods (+1.64%), Industrial Goods (+1.12%), and Banking (+0.64%) indices closed higher, following buying interest in INTBREW (+9.88%), WAPCO (+8.52%), and GTCO (+2.66%), respectively.
On the flipside, the Insurance (-2.61%) fell sharply, dragged by sell pressures in SOVRENINS (-7.50%), MBENEFIT (-2.44%) and CONHALLPLC (-3.36%), amongst other insurance names.
Elsewhere, the Oil & Gas index slipped by 0.01%, following losses in JAPAULGOLD (-2.33%), while the Commodity index was unchanged. Guinness Nigeria Hits 52-Week High on Sharp Intraday Gain