NGX: ASI dips -0.68% W-o-W

NGX: ASI dipped by -0.68% W-o-W

The equities market recorded negative performance – the listed equities market, NGXASI, recorded a -0.68% loss WoW while the NASD OTC closed negative with a -1.78% loss  just as FBNH Plc and Zenith Bank Plc’s investors rallied shares of the Tier-1 banks during the day’s trading session gaining 2.59% and 3.87%, respectively in share prices.

FBNH Plc started the day at N11.60 and closed at N11.90 per share while Zenith Bank started the day at N24.55 to close at N25.50 per share.

The NGX ASI closed at 41,882.97 points, to reflect a growth of 0.47% from the previous trading day and a Year-to-Date (YTD) return of 4.00%. Meanwhile, the market capitalization increased by N103.18 billion. At the end of the last weekday of trading on the Nigerian Stock Exchange (NGX), a total of 444,935,878 shares in 3,594 deals, corresponding to a market value of NGN 3,423,224,920.45, were traded.

 Compared with the previous NGX trading day (Thursday, December 9), today’s data shows 6% decline in volume, 34% decline in turnover, and 7% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 21.9 trillion.

In the aggregate, 104 NGX equities participated in trading, ending with 24 gainers and 13 losers. Meyer led the gainers with 10% share price appreciation closing at NGN 0.33 per share, followed by Sovereign Trust Insurance (+9.09%), UPDC Real Estate Investment Trust (+8.64%) and Guinness Nigeria (+6.85%). On the losing side, Unity Bank came out last with an end-of-day price depreciation of 6.52% at NGN 0.43 per share, followed by Jaiz Bank (-5.97%), Custodian & Allied (-5.33%) and Courteville Business Solutions (-5.13%). C&I Leasing recorded the highest volume of 146 million traded shares, followed by Access Bank (55.8m), FBN Holdings (35.3m) and FCMB Group (35.3m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 197.75 (0.47%) points to close at 41,882.97, representing a 1-week loss of 0.68%, a 4-week loss of 3.17%, but an overall year-to-date gain of 4%. Other remarkable indices that performed were the NGX Top 50 Index (+1%; -0.9% 1WK; +2.12% YTD), NGX Top 30 Index (+0.63%; -0.54% 1WK; +2.57% YTD), NGX Premium Index (+0.61%; -2.25% 1WK; +14.55% YTD), NGX Banking Index (+2.2%; +5.55% 1WK; +2.47% YTD), NGX Oil & Gas Index (+1.3%; +1.27% 1WK; +55.91% YTD), and NGX Pension Index (+1.28%; +1.06% 1WK; +14.69% YTD).

NGX ASI Top gainers

MEYER up +10.00% to close at N0.33

SOVRENINS up +9.09% to close at N0.24

UPDCREIT up +8.64% to close at N4.40

GUINNESS up +6.85% to close at N39.00

CHAMPION up +6.27% to close at N2.71

NGX ASI Top losers

UNITYBANK down – 6.52% to close at N0.43

JAIZBANK down – 5.97% to close at N0.63

CUSTODIAN down – 5.33% to close at N7.10

COURTVILLE down – 5.13% to close at N0.37

CHAMS down – 4.76% to close at N0.20

NGX ASI Top Traded by Volume

CILEASING – 146,414,348 units

ACCESS – 55,842,719 units

FBNH – 35,346,020 units

FCMB – 35,295,301 units

UNITYBANK – 29,957,592 units

NGX ASI Top Traded by Value

CILEASING – N673,499,460.40

ACCESS – N510,963,838.75

FBNH – N415,071,357.40

ZENITHBANK – N331,172,172.30

NESTLE – N318,115,305.10