NGX: BUA Foods records highest volume of 103m traded shares as FIDSON leads gainers

BUA Foods recorded the highest volume of 103 million traded shares, at the close of trading today at the Nigerian Stock Exchange (NGX) followed by Transcorp Nigeria (97.2m), Access Bank (33.2m) and FBN Holdings (26.6m).

The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 34 basis points.

The NGX ASI closed at 44,454.67 points, to reflect a decline of 0.34% from the previous trading day and a Year-to-Date (YTD) return of 4.07%. Meanwhile, the market capitalization decreased by N80.85 billion. At the end of the last weekday of trading on the NGX, a total of 405,741,232 shares in 3,880 deals, corresponding to a market value of NGN 9,827,677,718.19, were traded.

Compared with the previous NGX trading day (Thursday, January 13), today’s data shows 26% improvement in volume, 169% improvement in turnover, but 15% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 24 trillion.

In the aggregate, 100 NGX equities participated in trading, ending with 14 gainers and 17 losers. Fidson Healthcare led the gainers with 9.65% share price appreciation closing at NGN 7.50 per share, followed by Julius Berger Nigeria (+3.64%), Sterling Bank (+3.29%) and UPDC (+2.61%).

On the losing side, Sunu Assurances Nigeria came out last with an end-of-day price depreciation of 8.82% at NGN 0.31 per share, followed by Cutix (-7.17%), Mutual Benefits Assurance (-3.57%) and Jaiz Bank (-2.86%). BUA Foods recorded the highest volume of 103 million traded shares, followed by Transcorp Nigeria (97.2m), Access Bank (33.2m) and FBN Holdings (26.6m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 150.07 (-0.34%) points to close at 44,454.67, representing a 1-week gain of 1.37%, a 4-week gain of 5.05%, and an overall year-to-date gain of 4.07%.

 Other remarkable indices that performed were the NGX Top 30 Index (-0.34%; +0.47% 1WK; +0.75% YTD), NGX Top 50 Index (-0.47%; +0.63% 1WK; +0.19% YTD), NGX Premium Index (-0.74%; +2.11% 1WK; +1.63% YTD), NGX Banking Index (+0.26%; +0.75% 1WK; +1.53% YTD), NGX Consumer Goods Index (+0.18%; -4.35% 1WK; -5.19% YTD), and NGX Oil & Gas Index (+0%; +1.74% 1WK; +4.46% YTD).

NGX ASI Top gainers

FIDSON up +9.65% to close at N7.50

JBERGER up +3.64% to close at N22.80

STERLING up +3.29% to close at N1.57

UPDC up +2.61% to close at N1.18

REGALINS up +2.22% to close at N0.46

NGX ASI Top losers

SUNUASS down – 8.82% to close at N0.31

CUTIX down – 7.17% to close at N2.46

MBENEFIT down – 3.57% to close at N0.27

JAIZBANK down – 2.86% to close at N0.68

ROYALEX down – 2.44% to close at N0.80

NGX ASI Top Traded by Volume

BUAFOODS – 102,569,612 units

TRANSCORP – 97,184,006 units

ACCESS – 33,239,768 units

FBNH – 26,552,458 units

JAIZBANK – 25,940,315 units

NGX ASI Top Traded by Value

BUAFOODS – N6,761,053,104.10

MTNN – N689,576,622.20

GTCO – N445,498,088.65

FBNH – N318,640,334.40

ACCESS – N315,798,162.70