NGX: Access ,Fidelity others boost market turnover as ASI inches up by 0.21%; halts negative market sentiment
Access Bank recorded the highest volume of 48.1 million traded shares on the Nigerian Stock Exchange (NGX) followed by Sovereign Trust Insurance (37.5m), Nigerian Exchange Group (22.7m) and Fidelity Bank (21m).
AccessBank, Sovrenins and NGXGroup and Fidelity Bank were the most active to boost market turnover. Presco and MTNN topped market value list
Equities market closed on a positive note, as NGXASI appreciated by +0.21% to close at 47,157.23 basis points as against -0.31% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.40%.
Market breadth closed positive as RTBriscoe led 27 Gainers as against 14 Losers topped by JULI at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by +24.78% as against -16.56% downtick recorded in the previous session. DaarComm 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 on the NGX, a total of 297,245,335 shares in 4,661 deals, corresponding to a market value of NGN 4,694,211,850.01, were traded. Compared with the previous NGX trading day (Tuesday, February 8), today’s data shows 25% improvement in volume, 8% decline in turnover, and 3% decline in deals. The current market capitalization of the NGX is NGN 25.4 trillion.
In the aggregate, 123 NGX equities participated in trading, ending with 27 gainers and 14 losers. RT Briscoe led the gainers with 10% share price appreciation closing at NGN 0.33 per share, followed by SCOA Nigeria (+9.49%), Sunu Assurances Nigeria (+8.33%) and N.E.M. Insurance Company (+7.25%). On the losing side, Juli came out last with an end-of-day price depreciation of 9.89% at NGN 0.82 per share, followed by Multiverse Mining & Exploration (-4.76%), Sovereign Trust Insurance (-4.17%) and Aiico Insurance (-2.74%). Access Bank recorded the highest volume of 48.1 million traded shares, followed by Sovereign Trust Insurance (37.5m), Nigerian Exchange Group (22.7m) and Fidelity Bank (21m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 99.99 (0.21%) points to close at 47,157.23, representing a 1-week gain of 0.48%, a 4-week gain of 5.71%, and an overall year-to-date gain of 10.4%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.31%; +0.7% 1WK; +4.74% YTD), NGX Top 50 Index (+0.29%; +0.75% 1WK; +3.27% YTD), NGX Premium Index (+0.18%; +1.78% 1WK; +5.35% YTD), NGX Banking Index (+1.68%; +2.33% 1WK; +12.03% YTD), NGX Consumer Goods Index (+0.65%; -0.5% 1WK; -2.8% YTD), and NGX Pension Index (+0.46%; +0.31% 1WK; +4.71% YTD).
