NGX: investors lose over n20bn in mid-week trade
NGX: FBNH, GTCO, UBA and Zenith most active to boost turnover as ASI appreciates by 0.28% erasing previous day loss
FBNH, GTCO , UBA and Zenith were the most active to boost market turnover as wquities market closed on a positive note. NGXASI appreciated by +0.28% to close at 47,287.09 basis points as against -0.23% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.70%.
FBNH recorded the highest volume of 109 million traded shares, followed by Guaranty Trust Holding (54.1m), UBA (25.3m) and Zenith Bank (22.3m). GTCO and FBNH topped market value list
Market breadth closed positive as Presco led 29 Gainers as against 13 Losers topped by Ellahlakes at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -55.45% as against +158.64% uptick recorded in the previous session. FBNH, GTCO and UBA were the most active to boost market turnover. GTCO and FBNH topped market value list.
Caverton 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, a total of 336,305,180 shares in 5,248 deals, corresponding to a market value of NGN 5,860,102,089.19, were traded. Compared with the previous NGX trading day (Tuesday, March 8), today’s data shows 55% decline in volume, 61% improvement in turnover, and 21% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.
In the aggregate, 112 NGX listed equities participated in trading, ending with 29 gainers and 13 losers. Presco led the gainers with 10% share price appreciation closing at NGN 114.95 per share, followed by Pharma-Deko (+9.89%), Linkage Assurance (+9.8%) and Royal Exchange (+9.63%).
On the losing side, Ellah Lakes came out last with an end-of-day price depreciation of 9.92% at NGN 3.45 per share, followed by May & Baker Nigeria (-9.91%), Neimeth International Pharma (-9.34%) and Niger Insurance Company (-8.7%). FBN Holdings recorded the highest volume of 109 million traded shares, followed by Guaranty Trust Holding (54.1m), United Capital (25.3m) and Zenith Bank (22.3m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 132.74 (0.28%) points to close at 47,287.09, representing a 1-week loss of 0.16%, a 4-week gain of 0.28%, and an overall year-to-date gain of 10.7%. Other remarkable indices that performed were the NGX Top 50 Index (+1.01%; +0.11% 1WK; +3.23% YTD), NGX Top 30 Index (+0.59%; -0.04% 1WK; +5.33% YTD), NGX Insurance Index (+3.5%; +0.64% 1WK; -3.28% YTD), NGX Consumer Goods Index (+2.07%; -0.52% 1WK; -2.17% YTD), NGX Pension Index (+0.91%; -0.08% 1WK; +5.54% YTD), and NGX Main Board Index (+0.45%; -0.19% 1WK; +14.58% YTD).
