Stock market
NGX: Investors gain N275.59bn as ASI inches up by 1.26% to open a week positive
NGX: Investors gain N275.59bn as ASI inches up by 1.26% to open a week positive
Equities market closed on a positive note, as NGXASI appreciated by +1.26% to close at 42,411.12 basis points as against +0.47% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +5.32%.
Market breadth closed positive as MEYER led 23 Gainers as against 16 Losers topped by NASCON at the end of today’s session – an unimproved performance when compared with previous outlook.
Market turnover closes negative as volume moved down by -48.39% as against -6.03% downtick recorded in the previous session. UNITYBNK, UNIVINSURE and FBNH were the most active to boost market turnover. NESTLE and DANGCEM topped market value list.
NPFMCRFBK leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 229,640,539 shares in 4,426 deals, corresponding to a market value of NGN 3,289,045,243.34, were traded. Compared with the previous NGX trading day (Friday, December 10), today’s data shows 48% decline in volume, 4% decline in turnover, but 23% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 22.1 trillion.
In the aggregate, 105 NGX equities participated in trading, ending with 23 gainers and 16 losers. Meyer led the gainers with 9.09% share price appreciation closing at NGN 0.36 per share, followed by Academy Press (+8.51%), FTN Cocoa Processors (+8.11%) and Glaxo Smithkline Consumer (+7.08%).
On the losing side, National Salt Company came out last with an end-of-day price depreciation of 6.79% at NGN 13.05 per share, followed by Cornerstone Insurance Company (-6%), Wapic Insurance (-5.88%) and Oando (-4.26%).
Unity Bank recorded the highest volume of 48.3 million traded shares, followed by Universal Insurance Company (21.1m), FBN Holdings (19.9m) and UPDC Real Estate Investment Trust (16.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 528.15 (1.26%) points to close at 42,411.12, representing a 1-week gain of 0.96%, a 4-week loss of 1.9%, but an overall year-to-date gain of 5.32%. Other remarkable indices that performed were the NGX Premium Index (+2.74%; +1.03% 1WK; +17.69% YTD), NGX Top 30 Index (+1.51%; +1.5% 1WK; +4.13% YTD), NGX Top 50 Index (-0%; -0.65% 1WK; +2.12% YTD), NGX Lotus Islamic Index (+2.22%; +1.27% 1WK; +2.58% YTD), NGX Industrial Index (+0.66%; -4.24% 1WK; +1.69% YTD), and NGX Pension Index (+0.39%; +2.43% 1WK; +15.14% YTD).
