Equity investors sustain positive rally as NGXASI inches up by 0.30%

Equities market closed on a positive note, as NGXASI appreciated by +0.30% to close at 43,607.94 basis points as against  +1.05% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +2.09%.   

Market breadth closed positive as ACADEMY led 24 Gainers as against 13 Losers topped by NEM at the end of today’s session – an improved performance when compared with previous outlook.        

Market turnover closed negative as volume moved down by -85.93% as against +472.75% uptick recorded in the previous session. FBNH, UBA and TRANSCORP were the most active to boost market turnover.  FBNH and ZENITHBANK topped market value list.

 At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 174,610,725 shares in 3,715 deals, corresponding to a market value of NGN 2,132,881,352.82, were traded. Compared with the previous NGX trading day (Wednesday, January 5), today’s data shows 86% decline in volume and 8% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 23.5 trillion.

In the aggregate, 117 NGX equities participated in trading, ending with 24 gainers and 13 losers. BUA Foods led the gainers with 10% share price appreciation closing at NGN 48.40 per share, followed by Academy Press (+9.09%), Meyer (+8.7%) and Regency Alliance Insurance Co. (+6.67%). On the losing side, Sunu Assurances Nigeria came out last with an end-of-day price depreciation of 9.76% at NGN 0.37 per share, followed by N.E.M. Insurance Company (-7.78%), FTN Cocoa Processors (-7.69%) and Oando (-5.15%). FBN Holdings recorded the highest volume of 27.1 million traded shares, followed by United Bank for Africa (22m), Transnational Corp. of Nigeria (12m) and BUA Foods (11.3m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 131.19 (0.3%) points to close at 43,607.94, representing a 1-week gain of 4.31%, a 4-week gain of 3.81%, and an overall year-to-date gain of 2.09%. Other remarkable indices that performed were the NGX Premium Index (+0.26%; +2.39% 1WK; -0.7% YTD), NGX Top 50 Index (+0.03%; +1.01% 1WK; -0.72% YTD), NGX Top 30 Index (-0.08%; +2.69% 1WK; +0.03% YTD), NGX Banking Index (+0.44%; +1.51% 1WK; +0.33% YTD), NGX Pension Index (+0.38%; +2.39% 1WK; +0.06% YTD), and NGX ASeM Index (+0%).

NGX ASI Top gainers:

BUAFOODS up +10.00% to close at N48.40

ACADEMY up +9.09% to close at N0.60

MEYER up +8.70% to close at N0.50

REGALINS up +6.67% to close at N0.48

LIVESTOCK up +6.22% to close at N2.05

NGX ASI Top losers:

SUNUASS down –9.76% to close at N0.37

NEM down – 7.78% to close at N4.15

FTNCOCOA down – 7.69% to close at N0.36

OANDO down – 5.15% to close at N4.60

UNILEVER down – 3.45% to close at N14.00

NGX ASI Top Traded by Volume:

FBNH – 27,092,946 units

UBA – 22,026,842 units

TRANSCORP – 11,996,487 units

BUAFOODS – 11,289,437 units

ZENITH –10,267,378 units

NGX ASI Top Traded by Value:

BUAFOODS – N544,692,788.80

FBNH – N307,295,893.00

ZENITHBANK – N260,603,050.05

UBA – N177,521,867.85

NGXGROUP – N134,255,689.40