NGX: Equity market lose N78.75bn as ASI depreciates further by -0.31%;sell pressure persists

*Profit-taking in GTCO, MTNN, weigh down NGX market cap

Equities market closed on a negative note, as NGXASI depreciated by -0.31% to close at 47,057.24 basis points as against -0.16% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.16%.        

Market breadth closed negative as PRESCO led 18 Gainers as against 21 Losers topped by Courtville at the end of today’s session an unimproved performance when compared with previous outlook.     

Market turnover closed negative as volume moved down by -16.56% as against +26.49% uptick recorded in the previous session. GTCO, ZenithBank and FidelityBank were the most active to boost market turnover.  GTCO and SEPLAT topped market value list.

JBerger 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 238,216,462 shares in 4,826 deals, corresponding to a market value of NGN 5,085,310,485.29, were traded. Compared with the previous NGX trading day (Monday, February 7), today’s data shows 17% decline in volume and 10% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.4 trillion.

In the aggregate, 110 NGX equities participated in trading, ending with 18 gainers and 21 losers. Presco led the gainers with 10% share price appreciation closing at NGN 104.50 per share, followed by N.E.M. Insurance Company (+9.97%), Ikeja Hotel (+9.77%) and Sunu Assurances Nigeria (+9.09%). On the losing side, Courteville Business Solutions came out last with an end-of-day price depreciation of 7.27% at NGN 0.51 per share, followed by UPDC (-5.66%), University Press (-5.41%) and Unilever Nigeria (-4.36%). Guaranty Trust Holding recorded the highest volume of 32.4 million traded shares, followed by Zenith Bank (24.3m), Fidelity Bank (22.3m) and Transcorp Nigeria (21.4m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 146.15 (-0.31%) points to close at 47,057.24, representing a 1-week loss of 0.11%, a 4-week gain of 7.29%, and an overall year-to-date gain of 10.16%. Other remarkable indices that performed were the NGX Top 50 Index (+0.3%; +0.15% 1WK; +2.97% YTD), NGX Top 30 Index (-0.12%; -0.17% 1WK; +4.41% YTD), NGX Premium Index (-0.38%; +0.74% 1WK; +5.16% YTD), NGX Insurance Index (+2.35%; -1.1% 1WK; -6.2% YTD), NGX Oil & Gas Index (+0.89%; +1.19% 1WK; +21.78% YTD), and NGX Consumer Goods Index (+0.04%; -1.15% 1WK; -3.43% YTD).

 ASI  Top Gainers

PRESCO up +10.00% to close at N104.50

NEM up +9.97% to close at N3.31

IKEJA up +9.77% to close at N1.46

SUNUASS up +9.09% to close at N0.36

AIICO up +5.80% to close at N0.73

 Top ASI Losers

COURTVILLE down – 7.27% to close at N0.51

UPDC down – 5.66% to close at N1.00

UPL down – 5.41% to close at N2.45

UNILEVER down – 4.36% to close at N13.15

BUAFOODS down – 4.04% to close at N61.80

 ASI Top Traded by Volume

GTCO – 32,353,859

ZENITHBANK – 24,324,646

FIDELITY – 22,294,577

TRANSCORP – 21,397,414

NGXGROUP – 17,230,931

 ASI Top Traded by Value

GTCO – N887,638,354.15

SEPLAT – N687,198,415.10

ZENITHBANK – N653,468,434.50

MTNN – N572,694,270.10

NESTLE – N473,762,172.40