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Nigerian Stocks extend gains on sustained buying interest; naira falls as FX inflows moderates significantly

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MON APRIL 13 2026-theGBJournal| Nigerian stocks began the week in positive territory, extending gains from previous week’s trading, as traders sustain their buying interest in key tickers.

Gains in STANBIC (+6.5%), GUINNESS (+7.8%), NB (+5.6%) and INTBREW (+8.6%) drove a 0.4% increase in the NGX ASI to 204,487.88 points.

Consequently, the Month-to-Date and Year-to-Date returns improved to +1.6% and +31.4%, respectively, while market capitalization touched N131.608 trillion.

Similarly, all other indices gained with the exception of NGX Premium Index, NGX AFR Div Yield Index, NGX Oil/Gas Index and NGX Lotus Islamic Index.

The total volume traded declined by 15.4% to 464.11 million units, valued at N32.02 billion, and exchanged in 60,473 deals.

ACCESSCORP was the most traded stock by volume at 54.91 million units while ARADEL was the most traded stock by value at NGN7.05 billion.

By sectors, the Consumer Goods (+1.9%), Insurance (+1.0%) and Banking (+0.1%) indices closed higher, while the Oil & Gas (-0.1%) and Industrial Goods (-2bps) indices pared.

As measured by market breadth, market sentiment was positive (1.3x), as 30 tickers gained relative to 24 losers. NGXGROUP (+10.0%) and TRANSEXPR (+9.8%) led the gainers, while BERGER (-10.0%) and ACADEMY (-9.7%) recorded the highest losses of the day.

In contrast the naira fell at the official FX by 0.3% to NGN1,359.00/US$ after closing with a weekly gain of 1.76% w/w (N23.90) to N1,356.89/US$1 on Friday.

Meanwhile, FX inflows into the NAFEM window moderated significantly, declining to
US$571.80 million from US$1.06 billion in the prior week, indicating relatively tighter FX supply conditions.

Foreign Portfolio Investors (FPIs) remained the dominant source of supply, accounting for half of the inflows, US$282.20mn (15.77%). CBN followed with US$103.20mn (18.05%), while non-bank corporates contributed 11.23%, and exporters accounted for 12.94%, and other sources (including FDIs, Individuals, and other corporates) accounting 3.90%.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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