Equity Market Today
NGX: Investors gain N3.22bn as ASI inches up marginally by 0.01%
NGX: Investors gain N3.22bn as ASI inches up marginally by 0.01%
Investors Gain N3.22billion as NGXASI Inches Equities market closed on a positive note, as NGXASI appreciated by 0.01% to close at 41,813.27 basis points as against -1.08% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +3.83%.
Market breadth closed positive as HMARKINS led 21 Gainers as against 12 Losers topped by FTNCOCOA at the end of today’s session – an improved performance when compared with previous outlook.
Market turnover closed positive as volume up by +99.78% as against +61.10% uptick recorded in the previous session. JAIZBANK, ACCESS and STERLNBANK were the most active to boost market turnover. ACCESS and NGXGROUP topped market value list.
At the end of today’s trading session on the NGX, a total of 359,959,511 shares in 3,607 deals, corresponding to a market value of NGN 1,844,054,843.12, were traded. Compared with the previous NGX trading day (Wednesday, December 29), today’s data shows 100% improvement in volume, 25% improvement in turnover, but 6% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 21.8 trillion.
In the aggregate, 96 NGX equities participated in trading, ending with 21 gainers and 12 losers. Consolidated Hallmark Insurance led the gainers with 10% share price appreciation closing at NGN 0.77 per share, followed by Mutual Benefits Assurance (+9.68%), Regency Alliance Insurance Co. (+9.3%) and Unity Bank (+8.33%). On the losing side, FTN Cocoa Processors came out last with an end-of-day price depreciation of 7.5% at NGN 0.37 per share, followed by Royal Exchange (-4.76%), Veritas Kapital Assurance (-4.76%) and Ecobank Transnational (-3.47%). Jaiz Bank recorded the highest volume of 97.8 million traded shares, followed by Access Bank (34m), Sterling Bank (30.5m) and UPDC Real Estate Investment Trust (15.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 6.17 (0.01%) points to close at 41,813.27, representing a 1-week loss of 1.36%, a 4-week loss of 3.32%, but an overall year-to-date gain of 3.83%. Other remarkable indices that performed were the NGX Premium Index (+0.1%; -0.81% 1WK; +16.58% YTD), NGX Top 30 Index (-0.01%; -1.7% 1WK; +2.28% YTD), NGX Top 50 Index (-0.04%; -0.16% 1WK; +2.11% YTD), NGX Insurance Index (+2.24%; +3.17% 1WK; +4.66% YTD), NGX Banking Index (+0.52%; +2.17% 1WK; +2.65% YTD), and NGX Pension Index (+0.18%; -0.68% 1WK; +14.5% YTD).
