Equity Market Today
NGX: Investors record N21.61bn gain as ASI inches up by 0.10% to open the week positive
NGX: Investors record N21.61bn gain as ASI inches up by 0.10% to open the week positive
Equities market closed on a positive note, as NGXASI appreciated by +0.10% to close at 42,394.71 basis points as against +0.20% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +5.27%.
Market breadth closed positive as NEIMETH led 21 Gainers as against 11 Losers topped by CILEASING at the end of today’s session – an unimproved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -58.39% as against +36.99% uptick recorded in the previous session. FBNH, GUARANTY and SOVRENINS were the most active to boost market turnover. DANGCEM and MTNN topped market value list.
CILEASING leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 142,171,655 shares in 3,749 deals, corresponding to a market value of NGN 2,485,972,227.73, were traded. Compared with the previous NGX trading day (Friday, December 17), today’s data shows 58% decline in volume, 30% decline in turnover, but 23% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 22.1 trillion.
In the aggregate, 103 NGX equities participated in trading, ending with 21 gainers and 11 losers. Neimeth International Pharma led the gainers with 9.82% share price appreciation closing at NGN 1.79 per share, followed by UPDC (+9.43%), Royal Exchange (+8.7%) and Mutual Benefits Assurance (+7.69%). On the losing side, C&I Leasing came out last with an end-of-day price depreciation of 8.7% at NGN 4.20 per share, followed by Consolidated Hallmark Insurance (-6.9%), Wapic Insurance (-5.88%) and Lasaco Assurance (-5.45%). FBN Holdings recorded the highest volume of 20.2 million traded shares, followed by Guaranty Trust Holding (10.6m), Sovereign Trust Insurance (10.1m) and Mutual Benefits Assurance (9.36m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 41.4 (0.1%) points to close at 42,394.71, representing a 1-week loss of 0.04%, a 4-week loss of 2%, but an overall year-to-date gain of 5.27%. Other remarkable indices that performed were the NGX Top 50 Index (+0.36%; +0.19% 1WK; +2.32% YTD), NGX Premium Index (+0.09%; -0.06% 1WK; +17.62% YTD), NGX Top 30 Index (+0.09%; -0.04% 1WK; +4.08% YTD), NGX Industrial Index (+0.31%; +0.03% 1WK; +1.72% YTD), NGX Banking Index (+0.29%; -1.07% 1WK; +0.9% YTD), and NGX Pension Index (+0.2%; +0.23% 1WK; +15.4% YTD).
