Equity trading at NGX
NGXASI starts 2022 on a positive note as market cap gains over N800bn
Equities market closed on a positive note, as NGXASI appreciated by 0.73% to close at 43,026.23 basis points as against +2.16% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +0.73%.
Market breadth closed positive as ACADEMY led 17 Gainers as against 25 Losers topped by NNFM at the end of today’s session – an unimproved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -51.81% as against +24.89% uptick recorded in the previous session. CHAMS, WEMABANK and ZENITHBANK were the most active to boost market turnover. ZENITHBANK and NB topped market value list.
CAP leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
At the end of trading at the NGX, a total of 216,650,589 shares in 4,080 deals, corresponding to a market value of NGN 1,515,686,464.05, were traded. Compared with the previous NGX trading day (Friday, December 31), today’s data shows 52% decline in volume, 85% decline in turnover, but 44% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 22.5 trillion.
In the aggregate, 107 NGX equities participated in trading, ending with 18 gainers and 27 losers. Academy Press led the gainers with 10% share price appreciation closing at NGN 0.55 per share, followed by Wema Bank (+9.72%), Cornerstone Insurance Company (+8.7%) and Neimeth International Pharma (+8%). On the losing side, Ardova came out last with an end-of-day price depreciation of 10% at NGN 11.70 per share, followed by Vitafoam Nigeria (-10%), Northern Nigeria Flour Mills (-10%) and Chams (-9.09%). Chams recorded the highest volume of 29.9 million traded shares, followed by Wema Bank (17.1m), Zenith Bank (11m) and Transnational Corp. of Nigeria (10.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 330.34 (0.77%) points to close at 43,046.78, representing a 1-week gain of 1.93%, a 4-week gain of 1.89%, and an overall year-to-date gain of 0.77%. Other remarkable indices that performed were the NGX Top 30 Index (+1.15%; +2.57% 1WK; +1.15% YTD), NGX Top 50 Index (+0.26%; +2.1% 1WK; +0.26% YTD), NGX Premium Index (-0.07%; +3.09% 1WK; -0.07% YTD), NGX Industrial Index (+2.95%; -0.89% 1WK; +2.95% YTD), NGX Lotus Islamic Index (+0.93%; +4.12% 1WK; +0.93% YTD), and NGX Banking Index (+0.21%; +3.57% 1WK; +0.21% YTD).
