NGX: Investors lose N409.55bn, ASI Dips by -1.81% as sell pressure persists

 Equities market closed on a negative note, as NGXASI depreciated by -1.81% to close at 42,463.16 basis points as against  -0.05% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +5.44%.    At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 335,480,224 shares in 3,891 deals, corresponding to a market value of NGN 3,552,484,549.13, were traded. Compared with the previous NGX trading day (Tuesday, November 30), today’s data shows 49% improvement in volume, 4% decline in turnover, and 10% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 22.2 trillion.

In the aggregate, 111 NGX equities participated in trading, ending with 15 gainers and 23 losers. Cornerstone Insurance Company led the gainers with 7.69% share price appreciation closing at NGN 0.56 per share, followed by AXA Mansard Insurance (+7.55%), Chams (+5%) and Nigerian Exchange Group (+3.66%). On the losing side, MTN Nigeria came out last with an end-of-day price depreciation of 10% at NGN 171.00 per share, followed by Africa Prudential (-7.69%), UPDC (-7.48%) and Royal Exchange (-5.56%). FBN Holdings recorded the highest volume of 134 million traded shares, followed by Universal Insurance Company (36.2m), Zenith Bank (18.3m) and Guaranty Trust Holding (13.6m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) declined 784.89 (-1.81%) points to close at 42,463.16, representing a 1-week loss of 1.81%, a 4-week gain of 1.16%, and an overall year-to-date gain of 5.44%. Other remarkable indices that performed were the NGX Top 50 Index (-0.03%; -1.3% 1WK; +3.77% YTD), NGX Top 30 Index (-2.25%; -2.95% 1WK; +4.07% YTD), NGX Premium Index (-3.56%; -3.79% 1WK; +18.76% YTD), NGX Insurance Index (+0.77%; +5.99% 1WK; -0.23% YTD), NGX Industrial Index (+0.04%; -0.02% 1WK; +6.9% YTD), and NGX ASeM Index (+0%; -8.11% YTD).

NGX ASI Top gainers

CORNERST up +7.69% to close at N0.56

MANSARD up +7.55% to close at N2.28

CHAMS up +5.00% to close at N0.21

NGXGROUP up +3.66% to close at N17.00

FTNCOCOA up +2.56% to close at N0.40

NGX ASI Top losers

MTNN down –10.00%to close at N171.00

AFRIPRUD down –7.69% to close at N6.00

UPDC down – 7.48% to close at N0.99

ROYALEX down – 5.56% to close at N0.51

HONYFLOUR down – 5.32% to close at N3.74

NGX ASI Top Traded by Volume

FBNH – 133,995,395 units

UNIVINS – 36,193,828 units

ZENITH – 18,339,499 units

GTCO – 13,593,251 units

TRANSCORP – 10,536,458 units

NGX ASI Top Traded by Value

FBNH – N1,573,889,108.40

ZENITHBANK – N440,113,529.90

GTCO – N334,804,045.25

WAPCO – N241,099,842.45

BUACEMENT – N112,812,161.40