NGX: investors lose over n20bn in mid-week trade
NGX: FCMB , Zenith Bank , FBNH most active to boost market turnover as ASI dips by -0.13% to close the week negative
FCMB, Zenith Bank and FBNH were the most active to boost market turnover as equities market closed on a negative note. NGXASI depreciated by -0.06% to close at 47,268.61 basis points as against -0.14% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.66%. . Zenith Bank and MTNN topped market value list.
Market breadth closed positive as JOHNHOLT led 20 gainers as against 19 losers topped by ROYALEX at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -26.33% as against -13.04% downtick recorded in the previous session.
AFRINSURE leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
At the end of the last weekday of trading, a total of 179,327,750 shares in 4,654 deals, corresponding to a market value of NGN 2,123,319,059.24, were traded. Compared with the previous NGX trading day (Thursday, March 3), today’s data shows 26% decline in volume, 69% decline in turnover, and 34% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.
In the aggregate, 107 NGX listed equities participated in trading, ending with 20 gainers and 19 losers. John Holt led the gainers with 8.86% share price appreciation closing at NGN 0.86 per share, followed by Regency Alliance Insurance (+7.69%), Linkage Assurance (+7.41%) and Consolidated Hallmark Insurance (+5.36%). On the losing side, Royal Exchange came out last with an end-of-day price depreciation of 9.4% at NGN 1.35 per share, followed by McNichols (-9.09%), Lasaco Assurance (-8.85%) and Niger Insurance Company (-8%). FCMB Group recorded the highest volume of 25 million traded shares, followed by Zenith Bank (13m), FBN Holdings (12.8m) and United Capital (10.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 27.46 (-0.06%) points to close at 47,268.61, representing a 1-week loss of 0.13%, a 4-week loss of 0.02%, but an overall year-to-date gain of 10.66%. Other remarkable indices that performed were the NGX Top 30 Index (-0.05%; -0.37% 1WK; +5.12% YTD), NGX Top 50 Index (-0.07%; -0.91% 1WK; +2.56% YTD), NGX Insurance Index (+0.6%; -0.17% 1WK; -4.68% YTD), NGX Oil & Gas Index (+0.24%; +10.61% 1WK; +36.33% YTD), NGX Consumer Goods Index (+0.13%; -1.71% 1WK; -2.21% YTD), and NGX Main Board Index (-0%; -0.72% 1WK; +14.44% YTD).
