NGX: Fidelity ,Access ,Zenith ,Omatek most active to boost market turnover
…Investors gain N19.13bn as ASI Inches up by 0.07%
Fidelity Bank, Access Holdings, and MTNN were the most active to boost market turnover. MTNN ,Zenith Bank and Omatek Ventures topped market value list as equities market closed on a positive note on Tuesday’s trading.
Fidelity Bank recorded the highest volume of 33.8 million traded shares, followed by Access Holdings (24m), MTN Nigeria (22.2m) and Omatek Ventures (17.9m) as NGXASI appreciated by +0.07% to close at 47,545.86 basis points as against +0.30% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +11.31%.
Market breadth closed Negative as DNMeyer led 21 gainers as against 31 losers topped by Academy Press at the end of today’s session an unimproved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by 5.12% as against 1.71% downtick recorded in the previous session. Fidelity Bank, Access Holdings , and MTNN were the most active to boost market turnover. MTNN and Zenith Bank topped market value list.
At the end of today’s trading session on, a total of 365,453,508 shares in 5,790 deals, corresponding to a market value of NGN 7,106,460,697.99, were traded. Compared with the previous NGX trading day (Thursday, April 14), today’s data shows 5% decline in volume, 77% improvement in turnover, but 7% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.6 trillion.
In the aggregate, 115 NGX listed equities participated in trading, ending with 21 gainers and 31 losers. Meyer led the gainers with 10% share price appreciation closing at NGN 1.76 per share, followed by Guinness Nigeria (+6.86%), NPF Microfinance Bank (+6.8%) and Cadbury Nigeria (+5%). On the losing side, FCMB Group came out last with an end-of-day price depreciation of 10.28% at NGN 3.23 per share, followed by Academy Press (-9.72%), John Holt (-9.3%) and Japaul Gold and Ventures (-9.09%). Fidelity Bank recorded the highest volume of 33.8 million traded shares, followed by Access Holdings (24m), MTN Nigeria (22.2m) and Omatek Ventures (17.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 35.48 (0.07%) points to close at 47,545.86, representing a 1-week gain of 1.96%, a 4-week gain of 0.56%, and an overall year-to-date gain of 11.31%. Other remarkable indices that performed were the NGX Top 50 Index (+0.2%; +2.87% 1WK; +4.48% YTD), NGX Top 30 Index (+0.11%; +2.55% 1WK; +5.77% YTD), NGX Pension Index (+0.3%; +3.81% 1WK; +9.16% YTD), NGX Consumer Goods Index (+0.26%; +2.16% 1WK; -4.28% YTD), NGX Main Board Index (+0.11%; +0.88% 1WK; +13.75% YTD), and NGX Premium Index (+0.03%; +3.23% 1WK; +11.54% YTD).
