Nigerian Investors Deal N687bn fixed-income assets on NGX

Investors traded N6877.1bn worth of fixed income assets on the Nigerian Exchange Limited in May when its market capitalisation increased to N22.44tn from N21.75tn reported in April.

Despite a 12.12 per cent increase in total deals to 74 in May from 66 deals in April, the total value traded depreciated by 33.67 per cent to N393.3m in May from N260.86m recorded in April.

Also, the total volume traded at the fixed income segment of the NGX depreciated by 34.84per cent to close May at 246,038 from 377,566 reported in April.

According to the Exchange monthly statistics, the Exchange Traded Products, market capitalisation added N247.9m to close May at N7.39bn from N7.14bn in April.

As ETPs value traded rose by 553.25 per cent to N15.99bm in May from N2.45m in April, its volume traded also appreciated significantly by 356.20 per cent to 115,624 from 527,481. In the stock market segment, the market capitalisation rose by N1.81tn or 6.75 per cent to close at N28.57tn in May from N26.77tn it closed in April 2022.

The statistics disclosed that volume and value traded rose by 197.64 per cent and 195.07 per cent to 36.16bn and N303.94bn in May 2022, respectively. Cadbury Nigeria led gainers to chat in May, followed by Abbey Mortgage Bank and Champion Breweries Plc.

Cadbury Nigeria gained 72.68 per cent to close at N17.70 from N10.25 it opened for trading, while Abbey Mortgage bank appreciated by 60.71 per cent to close at N1.80 from N1.12 per share to closed for trading in April.

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