The Nigerian Exchange (NGX) Limited market value rose by 6.10% on Monday, October 14 as Aradel Holdings Plc introduced its N3 trillion market capitalisation company to Nigeria’s main stock market.

Data showed that the NGX All-Share Index (ASI) advanced by 0.62%, while the market capitalization surged by 6.10%.

Investors King reports that the performance indicators were boosted due to the listing of Aradel Holdings Plc’s 4,344,844,360 Ordinary Shares of 50 kobo each at N702.69 Per Share on the exchange.

The All-Share Index advanced by 608.50 basis points in today’s trading session, reflecting a 0.62% increase to close at 98,215.13 points.

The market breadth closed negative, recording 19 gainers and 31 losers. But the sectoral performance was positive as three of the five major market sectors rallied.

Coronation Insurance was the best-performing equity after it jumped by 10.00% to 88 Kobo, The Initiates increased by 9.74% to N2.14, Consolidated Hallmark gained 9.35% to close at N1.52, MeCure Industries went up by 8.91% to N11.00, and NASCON rose by 6.67% to N32.00.

On the flip side, Vitafoam Nigeria finished the day as the worst-performing stock after it dropped 9.09% to sell for N20.00, Tantalizers tumbled by 8.33% to 55 Kobo, Integrated Energy Insurance slumped by 6.37% to N1.47, Secure Electronic Technology shrank by 6.15% to 61 Kobo, and Guinea Insurance moderated by 6.12% to 46 Kobo.

During the session, 305.0 million equities valued at N19.7 billion exchanged hands in 8,083 deals compared with the 304.4 million equities worth N5.6 billion traded in 6,950 deals last Friday, indicating a rise in the trading volume, value and number of deals by 0.20%, 251.79% and 16.30%, respectively.

Cutix closed the day as the most active stock for selling 37.9 million units worth N95.2 million, Zenith Bank traded 34.1 million units for N1.3 billion, UBA transacted 33.9 million units valued at N897.8 million, Chams exchanged 18.8 million units worth N38.2 million, and Aradel Holdings sold 18.7 million units for N14.5 billion.

The banking sector grew by +0.36%, followed by the Insurance sector, which gained +0.29% while the Consumer goods sector inched higher by +0.24%.

The Oil & Gas and Industrial sectors declined moderately by 0.02% and 0.01%, respectively.

The market will be looking to Nigeria’s inflation figure for September due to be released on Tuesday (October 15).

The Nigerian Exchange Limited (NGX) declined by N5.7 billion on Thursday as a key performance indicator shed by 0.01%.

The All-Share Index (ASI) reduced by 9.95 basis points to close at 97,477.19 points from 97,487.14 points and the market capitalisation closed at N56.014 trillion compared with midweek’s N56.020 trillion.

Total volume and total value traded fell by 22.01% and 33.07% respectively.

Investors traded approximately 277.75 million units valued at N4.6 bullion were transacted across 7,091 deals.

Fidelity Bank was the most traded stock in terms of volume, accounting for 15.62% of the total volume of traded on the Nigerian Exchange. Other volume drivers include UBA (11.06%), Zenith Bank (9.21%), Lasaco (7.97%), and Access Corporation (6.65%) to complete the top 5 on the volume chart.

Zenith Bank emerged as the most traded stock in value terms, accounting for 20.59% of the total value of traded on the exchange.

Given the market direction, the market breadth closed par, recording 22 gainers and 22 losers.

Regency Alliance topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by Caverton which gained +9.73%. Other gainers include Royal Exchange (+8.70%), ABC Transport (+8.20%), UPL (+7.14%), Guinness (+6.21%) and 16 others.

Daar Communication was the top loser, with a price depreciation of -10.00%. Other decliners include Livestock Feeds declining by 9.88%to N3.10. Sunu Assurances lost 9.7% to trade at N1.58, Fidson depreciated by 9.71% to N13.95, and Consolidated Hallmark Insurance crashed by 9.29% to N1.27 among 16 others.

The market sector performance was negative, as three of the five major market sectors were down, led by the banking sector, which dropped by 0.22%.

Also, the oil & gas sector dipped by -0.13% while the consumer goods sector fell by 0.05% and the industrial and insurance sectors closed flat.

The loss witnessed across these sectors can be tied to profit-taking by investors as the wider Nigerian macroeconomic environment became tougher due to inflationary pressures triggered by another hike in the price of petrol in the country, which will translate to denying investors’ pockets.

The Nigerian Exchange Limited (NGX) sustained its bearish trend on Wednesday, October 9, as investors lost N56 billion after the equities market dropped 0.10%.

The equity capitalisation crashed to N56.02 trillion from N56.07 trillion recorded by the bourse on Tuesday.

The benchmark All-Share Index (ASI) decreased to 97,487.14 points from 97,584.81 recorded the previous trading day.

The market breadth was negative as 15 stocks advanced and 38 stocks declined, while 72 stocks remained unchanged in 8, 582 deals.

On the flip side, the top three losers were Ellah Lakes, ABC Transport and Eterna as they shed 9.84%, 9.63%, and 8.52% each to close at N4.40, N1.22 and N24.70 from the previous N4.88, N1.35, and N27.00 per share.

Lasaco, Mecure, and Julius Berger led other gainers with 10%, 9.47%, and 9.33% growth each in share prices to close at N2.53, N9.25, and N164.00 from the previous N2.30, N8.45, and N150.00 per share.

On the volume index, Fidelity Bank led trading with 66 million shares valued at N988 million in 279 deals followed by United Bank for Africa (UBA) which traded 38 million shares valued at N1 billion in 758 deals and Sterling Bank traded 33 million shares valued at N179 million in 156 deals.

On the value index, UBA recorded the highest value for the day trading stocks worth N1 billion in 758 deals followed by Fidelity Bank which traded equities worth N988 million in 279 deals and Oando traded shares valued at N934 million in 1,098 deals.