NGX: Ecobank, Access Holding , Zenith , Fidelity Bank most active to boost market turnover
…Investors gain N33.08bn as NGXASI depreciates up by 0.13%
Ecobank Transnational, Access Holding, Zenith Bank and Fidelity Bank were the most active to boost market turnover. Zenith Bank and ETI topped market value list.
Ecobank Transnational recorded the highest volume of 61.9 million traded shares, followed by Access Holdings (29.5m), Zenith Bank (15.8m) and Fidelity Bank (11.4m) as equities market closed on a positive note. NGXASI appreciated by 0.13% to close at 46,904.48 basis points as against -0.11% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +9.80%.
Market breadth closed Positive as Corner Stone Insurance led 17 gainers as against 17 losers topped by Cadbury at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -6.09% as against -40.45% downtick recorded in the previous session. Ecobank Transnational leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
At the end of today’s trading session , a total of 201,280,147 shares in 4,017 deals, corresponding to a market value of NGN 2,620,759,808.91, were traded. Compared with the previous NGX trading day (Tuesday, March 29), today’s data shows 6% decline in volume, 46% improvement in turnover, but 3% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.4 trillion.
In the aggregate, 110 NGX listed equities participated in trading, ending with 17 gainers and 17 losers. Wema Bank led the gainers with 200% share price appreciation closing at NGN 2.76 per share, followed by Ikeja Hotel (+10%), Cornerstone Insurance Company (+10%) and Eterna (+9.82%).
On the losing side, Cadbury Nigeria came out last with an end-of-day price depreciation of 6.67% at NGN 8.40 per share, followed by Japaul Gold and Ventures (-5.88%), PZ Cussons Nigeria (-5.36%) and Royal Exchange (-5.22%). Ecobank Transnational recorded the highest volume of 61.9 million traded shares, followed by Access Holdings (29.5m), Zenith Bank (15.8m) and Fidelity Bank (11.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 61.39 (0.13%) points to close at 46,904.48, representing a 1-week loss of 0.55%, a 4-week loss of 0.96%, but an overall year-to-date gain of 9.8%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.18%; -1.13% 1WK; +3.88% YTD), NGX Top 50 Index (-0.32%; -2.75% 1WK; +1.02% YTD), NGX Insurance Index (+0.62%; +0.86% 1WK; -6.36% YTD), NGX Premium Index (+0.35%; +0.36% 1WK; +7.04% YTD), NGX Oil & Gas Index (+0.27%; +0.51% 1WK; +27.66% YTD), and NGX Industrial Index (-0.03%; +0.02% 1WK; +5.42% YTD).
