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The market capitalisation of the Nigerian Exchange Limited gained N137bn at the close of trading on Tuesday, maintaining its positive trend this week.

Similarly, the All-Share Index also appreciated by 0.48 per cent or 252.06 base points to 52,621.19. The year-to-date returns also moved upward to 2.67 per cent from 2.18 per cent on Monday.

In terms of trading, a total of 350,974,154 million shares worth N 5.169bn were exchanged on the floor of the NGX in 5,946 deals. The United Bank for Africa led the chart in terms of volume as 62,448,401m units of its shares valued at N511m were traded, while Zenith Bank led the value chart with N 1.582bn worth of shares traded on Tuesday.

Investors’ sentiment as measured by market breadth improved, resulting in 33 gainers against the 15 decliners. The gainers on Tuesday included, Transcorp, which led the chart with a 9.85 per cent appreciation to close at N2.90, Tripple G gained 9.83 per cent to close at N3.24, Unilever gained 9.70 per cent to close at 14.70, UPL gained 9.63 per cent to close at N2.05 and Chams’ shares appreciated by 9.38 per cent to close at N0.35.

On the losers’ table, Chellaram led with a 9.94 per cent loss to close at 1.63, followed by Sunu Assurance Plc whose shares lost 9.43 per cent to close trading at N0.48. CILeasing lost 8.83 per cent to close at N3.20, JapaulGold lost 5.71 per cent to close at N0.33, and consumer goods manufacturer, Cadbury lost 5.48 per cent in its share value to close at N16.40.

Performance across tracked indices was largely bullish as the Banking and Consumer Goods indices led the sectoral gainers’ chart by 1.55 per cent and 0.35 per cent respectively, owing to buy interests in Zenith Bank (+2.08 per cent) and Unilever (+9.70 per cent).

Similarly, the Oil & Gas and Industrial Goods indices rose by 0.04 per cent and 0.02 per cent respectively, due to gains in Eterna (+1.40 per cent) and Wapco (+0.41 per cent). On the other end, sell-offs in Sunu Assurance (-9.43 per cent) and Mansard (-4.76 per cent) drove the Insurance index down by 0.01 per cent.

The NASD Over-the-Counter (OTC) Securities Exchange appreciated by 0.2 per cent on Friday, May 19, following positive price movement from FrieslandCampina WAMCO Nigeria Plc.

The milk producer closed the final session of the week as the sole gainer after it moved up by N1.00 to settle at N66.00 per share compared with the previous day’s N65.00 per share.

This supported the N1.96 billion upward movement in the value of the NASD OTC Exchange as it finished at N990.28 billion compared with Thursday’s closing value of N988.32 billion.

Following the same trend was the NASD Unlisted Securities Index (NSI), which increased by 1.42 points to wrap the session at 715.90 points, in contrast to the 714.48 points recorded in the previous session.

There was a fall in the volume of securities traded at the bourse during the session as investors exchanged 151,854 units, 73.6 per cent lower than the 575,500 units traded in the preceding session.

Also, the number of deals depreciated by 23.5 per cent to 13 deals from the 17 deals carried out a day earlier, while the value of shares traded yesterday went up by 30.8 per cent as the total equities traded amounted to N10.9 million versus N8.4 million made previously.

Geo-Fluids Plc remained the most traded stock by volume on a year-to-date basis with 831.9 million units valued at N1.3 billion, Industrial and General Insurance (IGI) Plc stood in second place with 627.7 units worth N49.4 million, while UBN Property Plc was in third place with 390.9 million units valued at N332.0 million.

VFD Group Plc was the most traded stock by value on a year-to-date basis with a turnover of 10.4 million units valued at N2.4 billion, Geo-Fluids Plc was in second place with its 831.9 million units worth N1.3 billion, while FrieslandCampina Wamco Nigeria Plc was in third place with 12.3 million units valued at N865.7 million.

The value of quoted commercial papers on the FMDQ Exchange stood at N539.22bn at the end of the first quarter of 2023 with the total outstanding value of CPs rising to N669.36bn at the end of the same period.

According to monthly reports from the FMDQ exchange, there has been a sustained increase in commercial papers quotations since the beginning of the year.

Quoted CPs were issued by institutions from various sectors including real estate, financial services, manufacturing, agriculture and health.

In February 2023, the total value of CPs quoted on the FMDQ Exchange was N101.84bn, representing a MoM increase of 22.40 per cent (N18.64bn) from the value of CPs quoted in January 2023.

Quoted CPs were issued by institutions from various sectors including financial services, real estate, manufacturing and construction.

For March 2023, the total value of CPs quoted on the FMDQ Exchange was N354.18bn, representing a MoM increase of 247.80 per cent (N252.34bn) from the value of CPs quoted in February 2023.

Quoted CPs were issued by institutions from various sectors including manufacturing (10), agriculture (4), financial services (4), real estate (2), telecommunications (2), commodities trading (2), and general commerce (1).

As a result, the total outstanding value of CPs increased MoM by 82.76 per cent (N303.11bn) to N669.36bn. In January 2023, CPs with a total value of N113.10bn matured and were redeemed.

Historic data showed that the figures for the first three months of 2023 were higher than the preceding seven months which recorded quoted CPs blow N80bn.

The value of total outstanding value of CPs has also consistently risen since December to N669.36bn at the end of March, which is the latest figure from the FMDQ exchange.

The Nigerian Exchange Limited saw mixed sentiments on the trading floor this past week, which resulted in a gain of N15bn for investors.

Trading activities opened on a positive note at the start of the week but dipped on Thursday and rebounded on Friday for the All-Share Index and market capitalisation to close at 52,187.93 points and N28.417tn respectively, marking a 0.05 per cent depreciation.

Other indices finished higher except for NGX Main Board, NGX 30, NGX Oil & Gas, NGX Lotus II, NGX Industrial Goods, and NGX Growth which depreciated by 0.64 per cent, 0.09 per cent, 1.67 per cent, 0.66 per cent, 0.03 per cent and 0.32 per cent respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.

On the local bourse, a total of 3.029 bn units of shares worth N33.626 bn were exchanged in 29,505 deals in contrast to a total of 3.602 billion shares valued at N36.451 billion that exchanged hands the previous week in 27,801 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.095 bn shares valued at N21.847 bn traded in 14,008 deals; thus contributing 69.17 per cent and 64.97 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 398.558m shares worth N1.185 bn in 3,129 deals. The third place was the services industry, with a turnover of 270.111m shares worth N1.853 billion in 1,317 deals.

Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc and Transnational Corporation Plc, (measured by volume) accounted for 1.328 bn shares worth N8.159 bn in 5,286 deals, contributing 43.84 per cent and 24.26 per cent to the total equity turnover volume and value respectively.

Forty-four equities appreciated during the week lower than 48 equities in the previous week. Twenty-seven equities depreciated lower than 30 in the previous week, while 85 equities remained unchanged, higher than 78 recorded in the previous week.

Leading the gainers’ table for the week was FTN Cocoa Processors Plc, whose shares gained 37.50 per cent to close at N0.44. Ikeja Hotel gained 30.13 per cent to close the week’s trading at N2.03, PZ Cussons Nigeria’s shares appreciated by 28 per cent to close at N16.00, Livestock Feed gained 27.45 per cent to close at N1.30 and Cornerstone Insurance gained 23.08 per cent to end the week at N0.80.

On the losers’ table, the Computer Warehouse Group led with a 25.60 per cent loss to close at N1.54, Ardova followed with a 23.67 per cent loss to close at N20.15, May & Baker Nigeria Plc lost 10.11 per cent to close at N4.00, Honeywell Flour Mill lost 9.67 per cent to close trading at 2.71 and McNichols Plc lost 9.33 per cent to end the week’s activities priced at N0.68 per share.