Gains in Consumer goods and Oil & Gas Sectors Keeps Equity Market in the Green, as Investor’s Gain N168 billion w/w

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Stockbrokers work at the Nigerian Stock Exchange in Lagos on May 16, 2019. - Africa's largest mobile phone operator, MTN, listed shares on the Nigerian Stock Exchange (NSE) in a $6 billion flotation reflecting its increasing presence in the Nigerian market, its largest. (Photo by PIUS UTOMI EKPEI / AFP) (Photo credit should read PIUS UTOMI EKPEI/AFP via Getty Images)
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The Nigerian equity market closed trading activities for today, Friday (26th August 2022) positive, as the market performance indicators (NGX-ASI and Market Capitalization) increased by 0.04%.

Consequently, the market index (All-Share Index) rose by 20.28 basis points, representing an increase of 0.04 percent to close at 49,682.15. The Market Capitalization gained ₦10.94 bn, also representing a rise of 0.04% to close at ₦26.80 trillion from ₦26.79 trillion the previous day.

However, market activities were mixed as the Total Volume traded for the day declined by 14.55%, while the Total Value surged by 67.93%. Approximately 193.51 million units valued at ₦4.64 billion were transacted in 3,307 deals.

JAIZBANK was the most traded stock in terms of volume, accounting for 23.73% percent of the total volume of trades, followed by FBNH (12.89%), ACCESSCORP (9.78%), NEM (5.73%), and GTCO (4.83%) to complete the top five on the volume chart.

Also, NESTLE emerged as the most traded stock in value terms, with 65.63 percent of the total value of trades on the exchange.

JAPAULGOLD topped the advancers’ chart with a price appreciation of 9.68 percent, trailed by MBENEFIT (7.14%), FCMB (5.96%), UNITYBNK (5.00%), ACADEMY (4.39%), IKEJAHOTEL (4.35%), MULTIVERSE (4.35%) and NINE (9) others.

On the Contrary, fifteen (15) stocks depreciated, topped by ELLAHLAKES with a price depreciation of 10.00% to close at ₦3.60, as VITAFOAM (-9.78%), NPFMCRFBK (-9.09%), CHAMS (-7.41%), UBN (-6.67%), LASACO (-4.95%), GUINNESS (-4.76%) and INTBREW (-3.85%) also dipped in price. In that regard, the market breadth closed positive, recording 17 gainers and 15 losers.

Nonetheless, the sector performance was negative as three out of the five major market sectors closed negative, led by the Banking (-0.67%), trailed by Insurance (- 0.39%), and the Industrial (+0.35%), while the Consumer goods sector (+0.51%), and the Oil & Gas Sector (+0.16%) closed positive.