NGX: Equity market close the week on positive note as ASI inches up by 2.66%

   

Equities market closed on a positive note, as NGXASI appreciated by +0.57% to close at 43,854.42 basis points as against +0.30% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +2.66%.

Market breadth closed positive as CORNERST led 31 Gainers as against 9 Losers topped by HMARKINS at the end of today’s session – an improved performance when compared with previous outlook.        

Market turnover closed positive as volume up by +126.31% as against -85.93%  downtick recorded in the previous session. GUARANTY, CHAMS and WEMABANK were the most active to boost market turnover.  GUARANTY and ZENITHBANK topped market value list.

At the end of the last weekday of trading on the NGX, a total of 395,154,002 shares in 3,923 deals, corresponding to a market value of NGN 12,399,443,952.04, were traded. Compared with the previous NGX trading day (Thursday, January 6), today’s data shows 126% improvement in volume, 481% improvement in turnover, and 6% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 23.6 trillion.

In the aggregate, 105 NGX equities participated in trading, ending with 31 gainers and nine losers. Cornerstone Insurance Company led the gainers with 10% share price appreciation closing at NGN 0.55 per share, followed by Meyer (+10%), Ardova (+9.92%) and BUA Foods (+9.92%). On the losing side, Consolidated Hallmark Insurance came out last with an end-of-day price depreciation of 9.59% at NGN 0.66 per share, followed by Sovereign Trust Insurance (-7.14%), UPDC (-3.28%) and Julius Berger Nigeria (-2.46%). BUA Foods recorded the highest volume of 205 million traded shares, followed by Guaranty Trust Holding (25.7m), Chams (22.8m) and Wema Bank (16m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 246.48 (0.57%) points to close at 43,854.42, representing a 1-week gain of 4.88%, a 4-week gain of 4.37%, and an overall year-to-date gain of 2.66%. Other remarkable indices that performed were the NGX Top 50 Index (+0.28%; +1.34% 1WK; -0.45% YTD), NGX Top 30 Index (+0.25%; +2.96% 1WK; +0.28% YTD), NGX Premium Index (+0.23%; +2.52% 1WK; -0.47% YTD), NGX Oil & Gas Index (+0.98%; +2.9% 1WK; +2.68% YTD), NGX Banking Index (+0.44%; +1.44% 1WK; +0.78% YTD), and NGX Pension Index (+0.32%; +2.54% 1WK; +0.38% YTD).

 ASI top gainers

MEYER up +10.00% to close at N0.55

CORNERST up +10.00% to close at N0.55

ARDOVA up +9.92% to close at N13.85

BUAFOODS up +9.92% to close at N53.20

PZ up +9.84% to close at N6.70

 ASI top losers

CHIPLC down –9.59% to close at N0.66

SOVRENINS down – 7.14% to close at N0.26

UPDC down – 3.28% to close at N1.18

JBERGER down – 2.46% to close at N21.80

REGALINS down – 2.08% to close at N0.47

 ASI top traded by volume

BUAFOODS – 204,599,864 units

GTCO – 25,675,645 units

CHAMS – 22,823,311 units

WEMABANK – 16,046,749 units

TRANSCORP – 13,755,035 units

 ASI top traded by value

BUAFOODS – N10,064,092,986.55

GTCO – N663,371,632.05

ZENITHBANK – N304,232,036.25

NGXGROUP – N159,168,084.65

SEPLAT – N140,574,522.60