NGX: Investors record N50.35bn gain as ASI inches up by 0.20% to open the week positive
Equities market closed on a positive note, as NGXASI appreciated by +0.20% to close at 47,233.91 basis points as against +0.08% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.58%.
Market breadth closed positive as RTBRISCOE led 31 Gainers as against 17 Losers topped by MULTIVERSE at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -0.76% as against +18.71% uptick recorded in the previous session. TRANSCORP, ZENITHBANK and UBCAP were the most active to boost market turnover. ZENITHBANK and MTNN topped market value list.REDSTAREX 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 421,458,180 shares in 5,961 deals, corresponding to a market value of NGN 4,220,652,567.59, were traded. Compared with the previous NGX trading day (Friday, February 18), today’s data shows 22% improvement in volume, 4% decline in turnover, but 30% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.
In the aggregate, 120 NGX equities participated in trading, ending with 31 gainers and 17 losers. RT Briscoe led the gainers with 10% share price appreciation closing at NGN 0.66 per share, followed by United Capital (+10%), Africa Prudential (+9.56%) and Academy Press (+9.5%). On the losing side, Juli came out last with an end-of-day price depreciation of 9.76% at NGN 0.74 per share, followed by Multiverse Mining & Exploration (-8%), Mutual Benefits Assurance (-7.14%) and Flour Mills Nigeria (-4.56%). Transcorp Nigeria recorded the highest volume of 99.3 million traded shares, followed by Zenith Bank (46.3m), United Capital (31.6m) and United Bank for Africa (27m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 93.43 (0.2%) points to close at 47,233.91, representing a 1-week gain of 0.36%, a 4-week gain of 2.84%, and an overall year-to-date gain of 10.58%. Other remarkable indices that performed were the NGX Top 30 Index (+0.35%; +0.24% 1WK; +5.25% YTD), NGX Top 50 Index (+0.25%; +0.3% 1WK; +3.7% YTD), NGX Premium Index (+0.12%; -0.23% 1WK; +5.29% YTD), NGX Banking Index (+0.66%; -0.13% 1WK; +11.58% YTD), NGX Pension Index (+0.51%; +0.53% 1WK; +5.49% YTD), and NGX Consumer Goods Index (+0.37%; +1.65% 1WK; +0.93% YTD).A
