Equity investors attracted Naira 533 billion in the first trading day of the second half, reinforcing the optimistic mood in the first half. The all-stocks index closed at 61,949.24 index points on Monday, up 1.61% from 60,968.27 index points on Friday.
The market capitalization increased by 53 billion Naira, closing at 33,731 billion Naira, up 1.43 yen from 33,198 billion at the time of the previous transaction.
JAPAULGOLD, ETERNA and MEYER topped the list of winners, each up 10.00%. UPL and LINKASSURE also increased at the same rate. Heading the laggard list were Tripleg, Cornest and NSLTECH, which fell 9.87%, 9.09% and 9.09%, respectively. ABCTRANS fell 6.8% and JBERGER fell 3.2%.
Investors traded 1.2 billion shares compared to 998.08 million shares traded the day before. In terms of volume, FCMB topped the list with 173.81 million units traded. UBA followed with his 160.67 million shares, while Access Holdings made the top three trading stocks with his 132.52 million shares.
In terms of value, ACCESS HOLDINGS (2.38 billion Naira) topped the list, followed by UBA (2.12 billion Naira) and FCMB (930.7 million Naira). Investors took in 5.3 trillion Nebula in the first half of this year, boosted by the new government’s macroeconomic reforms.
This was despite rising inflation, global uncertainty and other economic challenges weighing on markets earlier in the year. The market rebounded mainly in major stocks due to investor buying appetite.
The NGX All Shares Index, an index that measures the performance of companies listed on NGX, hit a 15-year high since 2008, with index points surpassing 60,000 points, up from an opening price of 51,251.06 points to 60,968.27 points. Closed the deal (January 3). 2023), an increase of 8,717.21, or 18.96 percent. Before that, money was scarce. Rising inflation and uncertainty ahead of the 2023 elections have prompted a “cautious sentiment” in stock trading, cooling investor sentiment. Sentiment brightened, however, as funding constraints eased and corporate earnings were impressive.
