NGX: Fidelity, Transcorp, Zenith, UBA most active to boost market turnover as ASI depreciates further by -0.48%
Fidelity Bank, Transcorp, Zenith Bank and United Bank for Africa (UBA) were the most active to boost market turnover. Fidelity Bank recorded the highest volume of 44.4 million traded shares, followed by Transcorp Nigeria (35.8m), Zenith Bank (23.3m) and United Bank for Africa (15.6m) with Zenith Bank and NGXGROUP topping market value list.
Equities market closed on a negative note, as NGXASI depreciated by -0.48% to close at 46,543.51 basis points as against -0.02% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +8.96%.
Market breadth closed Positive as Conoil led 19 gainers as against 16 losers topped by Unity Kapital at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by 6.71% as against 1.62% uptick recorded in the previous session. Fidelity Bank, Transcorp, Zenith Bank and United Bank for Africa (UBA) were the most active to boost market turnover. Zenith Bank and NGXGROUP topped market value list.
Unity Kapital 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 244,042,028 shares in 4,710 deals, corresponding to a market value of NGN 2,350,011,410.51, were traded. Compared with the previous NGX trading day (Wednesday, April 6), today’s data shows 7% decline in volume and 3% decline in turnover. The current market capitalization of the Nigerian Stock Exchange is NGN 25.1 trillion.
In the aggregate, 108 NGX listed equities participated in trading, ending with 19 gainers and 16 losers. Conoil led the gainers with 9.89% share price appreciation closing at NGN 24.45 per share, followed by RT Briscoe (+9.8%), Japaul Gold and Ventures (+9.68%) and Meyer (+9.57%).
On the losing side, Veritas Kapital Assurance came out last with an end-of-day price depreciation of 8.7% at NGN 0.21 per share, followed by UAC of Nigeria (-7.49%), Transcorp Hotels (-6.78%) and UPDC Real Estate Investment Trust (-2.94%). Fidelity Bank recorded the highest volume of 44.4 million traded shares, followed by Transcorp Nigeria (35.8m), Zenith Bank (23.3m) and United Bank for Africa (15.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 222.65 (-0.48%) points to close at 46,543.51, representing a 1-week loss of 0.9%, a 4-week loss of 1.73%, but an overall year-to-date gain of 8.96%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.03%; -0.51% 1WK; +1.12% YTD), NGX Top 30 Index (-0.55%; -1.1% 1WK; +2.85% YTD), NGX Premium Index (+0.48%; +0.06% 1WK; +7.89% YTD), NGX Oil & Gas Index (+0.39%; -0.85% 1WK; +26.58% YTD), NGX Pension Index (+0.27%; -0.42% 1WK; +4.51% YTD), and NGX Industrial Index (+0%; -0.54% 1WK; +4.81% YTD).