NGX: Fidelity , Access,Transcorp most active stocks as ASI depreciates by -0.29% to open the week negative

Fidelity Bank Plc, AccessBank and Transcorp were the most active to boost market turnover as equities market closed on a negative note, with  NGXASI depreciating by -0.29% to close at 47,063.28 basis points as against -0.18% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.18%.

Fidelity Bank recorded the highest volume of 35.8 million traded shares, followed by Access Bank (33.9m), Transcorp Nigeria (32.9m) and Sterling Bank (24.5m). MTNN and AIRTELAFRI topped market value list.

Market breadth closed positive as NCR led 23 Gainers as against 21 Losers topped by JAPAULOIL at the end of today’s session an unimproved performance when compared with previous outlook.  

Market turnover closed positive as volume moved up by +8.51% as against +57.23% uptick recorded in the previous session.  AIRTELAFRI 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 NGX, a total of 338,025,487 shares in 5,619 deals, corresponding to a market value of NGN 5,675,143,449.61, were traded. Compared with the previous NGX trading day (Friday, February 11), today’s data shows 9% improvement in volume, 29% improvement in turnover, and 14% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.4 trillion.

In the aggregate, 108 NGX equities participated in trading, ending with 23 gainers and 24 losers. NCR Nigeria led the gainers with 10% share price appreciation closing at NGN 3.63 per share, followed by Guinness Nigeria (+10%), Learn Africa (+10%) and University Press (+9.81%). On the losing side, Japaul Gold and Ventures came out last with an end-of-day price depreciation of 7.69% at NGN 0.36 per share, followed by Courteville Business Solutions (-7.27%), Vitafoam Nigeria (-6.13%) and Custodian & Allied (-5.7%). Fidelity Bank recorded the highest volume of 35.8 million traded shares, followed by Access Bank (33.9m), Transcorp Nigeria (32.9m) and Sterling Bank (24.5m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 135.53 (-0.29%) points to close at 47,066.77, representing a 1-week loss of 0.29%, a 4-week gain of 6.01%, and an overall year-to-date gain of 10.18%. Other remarkable indices that performed were the NGX Top 50 Index (+0.17%; +0.71% 1WK; +3.39% YTD), NGX Top 30 Index (+0.16%; +0.44% 1WK; +4.99% YTD), NGX Premium Index (+0.06%; -0.03% 1WK; +5.53% YTD), NGX Consumer Goods Index (+1.06%; +2.86% 1WK; -0.71% YTD), NGX Pension Index (+0.14%; +0.55% 1WK; +4.93% YTD), and NGX Lotus Islamic Index (+0.12%; +0.19% 1WK; +0.99% YTD).

 Top ASI gainers 

NCR up +10.00% to close at N3.63

LEARNAFRI up +10.00% to close at N1.65

GUINNESS up +10.00% to close at N66.55

UPL up +9.81% to close at N2.91

ACADEMY up +9.56% to close at N1.49

Top ASI losers

JAPAULGOLD down – 7.69% to close at N0.36

COURTVILLE down – 7.27% to close at N0.51

CUSTODIAN down – 5.70% to close at N7.45

NGXGROUP down – 5.66% to close at N25.00

NPFMCRFBNK down – 5.45% to close at N2.08

 Top ASI Traded by Volume

FIDELITY – 35,821,370

ACCESS – 33,854,448

TRANSCORP – 32,876,738

STERLING – 24,507,013

GTCO – 23,180,459

ASI Top Traded by Value

MTNN – 1,672,457,260.70

AIRTELAFRI – 647,043,215.20

GTCO – 613,440,229.60

ZENITHBANK – 532,003,843.10

ACCESS – 353,716,830.70

Market sentiments trend to