NGX: Equity market loses N41.82bn WoW as ASI declines by -0.18% to close the week negative

 …AS GUINNESS led 19 gainers, and 16 Losers topped by PHARMDEKO

Equities market closed on a negative note, as NGXASI depreciated by -0.18% to close at 47,202.30 basis points as against +0.27% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.50%.       

Market breadth closed positive as GUINNESS led 19 Gainers as against 16 Losers topped by PHARMDEKO at the end of today’s session an unimproved performance when compared with previous outlook.        

Market turnover closed positive as volume moved up by +57.23% as against -33.35% downtick recorded in the previous session. ACCESS, SOVRENINS and NGXGROUP were the most active to boost market turnover.  NGXGROUP and SEPLAT topped market value list.

TANTALIZER leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

At the end of the last weekday of trading on the NGX, a total of 311,501,844 shares in 4,916 deals, corresponding to a market value of NGN 4,385,501,460.15, were traded. Compared with the previous NGX trading day (Thursday, February 10), today’s data shows 57% improvement in volume, 29% improvement in turnover, and 14% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.4 trillion.

On the aggregate, 109 NGX equities participated in trading, ending with 19 gainers and 16 losers. Guinness Nigeria led the gainers with 10% share price appreciation closing at NGN 60.50 per share, followed by NCR Nigeria (+10%), SCOA Nigeria (+9.88%) and RT Briscoe (+8.33%).

On the losing side, Pharma-Deko came out last with an end-of-day price depreciation of 8.84% at NGN 1.65 per share, followed by N.E.M. Insurance Company (-6.48%), Champion Breweries (-5.8%) and Cutix (-4.94%). Access Bank recorded the highest volume of 30.8 million traded shares, followed by Sovereign Trust Insurance (30.8m), Nigerian Exchange Group (28.7m) and Fidelity Bank (23.8m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 84.04 (-0.18%) points to close at 47,202.30, representing a 1-week loss of 0.16%, a 4-week gain of 6.18%, and an overall year-to-date gain of 10.5%.

 Other remarkable indices that performed were the NGX Premium Index (-0.2%; -0.15% 1WK; +5.47% YTD), NGX Top 30 Index (-0.29%; +0.07% 1WK; +4.82% YTD), NGX Top 50 Index (-0.63%; +0.19% 1WK; +3.22% YTD), NGX Lotus Islamic Index (+0.11%; -0.37% 1WK; +0.87% YTD), NGX Consumer Goods Index (+0.1%; +1.35% 1WK; -1.74% YTD), and NGX Industrial Index (+0.03%; +0.06% 1WK; +6.47% YTD).

 ASI  Top  gainers

GUINNESS up +10.00% to close at N60.5

NCR up +10.00% to close at N3.30

SCOA up +9.88% to close at N1.78

RTBRISCOE up +8.33% to close at N0.39                     

LASACO up +5.66% to close at N1.12

ASI Top losers

PHARMDEKO down – 8.84% to close at N1.65

NEM down – 6.48% to close at N3.32

CHAMPION down – 5.80% to close at N2.11

CUTIX down – 4.94% to close at N2.31

INTBREW down – 4.59% to close at N5.20

 ASI Top Traded by Volume

ACCESS – 30,813,271

SOVERNINS – 30,752,949

NGXGROUP – 28,653,854

FIDELITY – 23,798,948

CHAMS – 22,178,628

ASI Top Traded by Value

NGXGROUP – N773,224,400.85

SEPLAT – N603,856,625.70

NB – N466,807,240.05

ZENITH – N450,098,680.05

MTNN – N413,626,633.80