NGX: Fidelity , Access ,UBA, GTCO most active to boost turnover as ASI appreciates marginally by 0.02%
Fidelity Bank Access Bank and United Bank for Africa (UBA) were the most active to boost market turnover. GTCO and MTNN topped market value list. Fidelity Bank recorded the highest volume of 68.8 million traded shares, followed by Access Bank (38.6m), United Bank for Africa (30.9m) and GTCO (24m).
Equities market closed on a positive note, as NGXASI appreciated by 0.02% to close at 47,163.94 basis points as against -0.20% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.41%.
Market breadth closed Flat as CAP led 16 gainers as against 16 losers topped by FCMB at the end of today’s session an unimproved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -11.86% as against +42.10% uptick recorded in the previous session.
At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 267,480,601 shares in 4,099 deals, corresponding to a market value of NGN 3,215,776,258.82, were traded. Compared with the previous NGX trading day (Tuesday, March 22), today’s data shows 12% decline in volume, 18% decline in turnover, and 11% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.4 trillion.
In the aggregate, 104 NGX listed equities participated in trading, ending with 16 gainers and 16 losers. CAP led the gainers with 10% share price appreciation closing at NGN 19.80 per share, followed by Learn Africa (+9.6%), Champion Breweries (+9.09%) and Sterling Bank (+3.95%).
On the losing side, FCMB Group came out last with an end-of-day price depreciation of 8.72% at NGN 3.35 per share, followed by Mutual Benefits Assurance (-7.41%), Associated Bus Company (-6.25%) and Pharma-Deko (-5.98%).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 7.38 (0.02%) points to close at 47,163.94, representing a 1-week loss of 0.42%, a 4-week loss of 0.09%, but an overall year-to-date gain of 10.41%. Other remarkable indices that performed were the NGX Top 30 Index (-0.03%; -0.43% 1WK; +5.07% YTD), NGX Top 50 Index (-0.06%; +0.05% 1WK; +3.87% YTD), NGX Banking Index (+0.25%; -1.66% 1WK; +8.13% YTD), NGX Oil & Gas Index (+0.11%; -2.85% 1WK; +27.02% YTD), NGX Industrial Index (+0.08%; -0.02% 1WK; +5.39% YTD), and NGX Premium Index (+0.06%; -0.04% 1WK; +6.66% YTD).
