Naija Stocks Don Bounce Back Like Gully Wetin Dry

Omo, you go hear am clear! Naija stock market don recover small small after wetin happen before. E close higher on Tuesday, waka waka go up by N93.48bn as market capitalisation now dey N106.44tn from N106.34tn wey e dey before.

Omo, All-Share Index sef no wan dey dull! E don climb 144.33 points, wey be 0.09 per cent, to land for 166,256.83 points. This one mean say investors don show some fresh interest for some stocks wey dem sabi. Trading activity better for both volume and value, but abeg, the number of deals come reduce small.

See ehn, a whole total of 795.46 million shares wey worth N19.98bn don change hands. Dis one na 26 per cent increase for volume and 35 per cent rise for turnover compared to the previous day. Na 45,390 deals make am happen, but deals self drop by 22 per cent. By the way, na 130 equities dey play this trading game, 39 dey win, while 25 dey lose.

For gainers, Red Star Express don shine like diamond, appreciate by 10 per cent, wey dem close at N15.95 per share. E follow Deap Capital Management & Trust, NPF Microfinance Bank, and NCR Nigeria wey all join the gain squad with 10 per cent, 10 per cent, and 9.97 per cent respectively. Na wah!

But make we no forget the losers’ side. Aluminium Extrusion Industries dey cry small, drop by 9.95 per cent to N17.20 per share. Jaiz Bank sef no gree walk, lose 9.88 per cent to close at N7.21. FTN Cocoa Processors and UPDC dey also dey lose ground with 8.44 per cent and 8.06 per cent respectively.

When e come to highest trading volume, Tantalizers come dey lead with 87.0 million shares. Behind am, Secure Electronic Technology dey put 74.2 million shares for ground, Zichis Agro Allied Industries dey show 69.6 million shares, and Zenith Bank dey chill with 49.1 million shares.

For value matter, GTCO dey shine bright with trades wey worth N3.79bn, while Zenith Bank dey follow am close for N3.53bn. Aradel Holdings dey show for N2.80bn, MTN Nigeria dey cool for N964.6m, and Access Holdings dey gather N692.0m as investors dey rearrange their portfolio like fine soup. Omo, market dey show small small signs of better days ahead!

But no forget, PUNCH don report say Naija stock market start dis week on a bearish note, as capitalisation fall by N10.9bn on Monday. E be like say dem wan build house wey dey sell and buy sharp sharp!