NGX: Fidelity, Zenith, GTCO, UBA remain most active to boost market turnover for three consecutive trading days
Fidelity Bank , Zenith Bank , GTCO and UBA were the most active to boost market turnover in today’s trading at the Nigerian Stock Exchange(NGX) as Nestle and Zenith Bank topped market value list.
Equities market closed on a positive note, as NGXASI appreciated by +0.01% to close at 46,964.23 basis points as against -0.43% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +9.94%.
For three consecutive trading days , Fidelity Bank recorded the highest volume of 62.7 million traded shares, followed by Zenith Bank (22m), GTCO (16.4m) and UBA (12.3m).
Market breadth closed Negative as PZ led 15 gainers as against 16 losers topped by NNFM at the end of today’s session an unimproved performance when compared with previous outlook.
At the end of the last weekday of trading on the Nigerian Stock Exchange (NGX), a total of 177,090,688 shares in 3,873 deals, corresponding to a market value of NGN 4,180,378,776.14, were traded. Compared with the previous NGX trading day (Thursday, March 24), today’s data shows 18% decline in volume, 59% improvement in turnover, but 3% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.3 trillion.
In the aggregate, 102 NGX listed equities participated in trading, ending with 15 gainers and 16 losers. PZ Cussons Nigeria led the gainers with 6.9% share price appreciation closing at NGN 9.30 per share, followed by Japaul Gold and Ventures (+6.45%), FTN Cocoa Processors (+6.06%) and Africa Prudential (+5.98%).
On the losing side, Northern Nigeria Flour Mills came out last with an end-of-day price depreciation of 7.83% at NGN 10.00 per share, followed by FCMB Group (-7.22%), Livestock Feeds (-6.06%) and Neimeth International Pharma (-3.68%).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 3.94 (0.01%) points to close at 46,964.23, representing a 1-week loss of 0.67%, a 4-week loss of 0.77%, but an overall year-to-date gain of 9.94%. Other remarkable indices that performed were the NGX Top 50 Index (+0.02%; -1.28% 1WK; +2.86% YTD), NGX Top 30 Index (-0.05%; -1.05% 1WK; +4.37% YTD), NGX Banking Index (+0.48%; -0.66% 1WK; +8.55% YTD), NGX Insurance Index (+0.15%; -1.4% 1WK; -6.35% YTD), NGX Consumer Goods Index (+0.07%; -1.1% 1WK; -4.21% YTD), and NGX Premium Index (+0.03%; -0.24% 1WK; +6.34% YTD).
