NGX : Investors gain N5.38bn as ASI inches up by 0.02%, YTD return hits 4.34%

 Equities market closed on a positive note, as NGXASI appreciated by 0.02% to close at 42,018.92 basis points as against -0.38% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +4.34%.

Following a 7-day consecutive bearish market, the bulls finally overpowered the bears as the NGX, today, closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 2 basis points.

Market breadth closed negative as ABBEYBDS led 20 Gainers as against 19 Losers topped by GLAXOSMITH at the end of today’s session – an improved performance when compared with previous outlook.     

Market turnover closes positive as volume moved up  by +51.46% as against +133.31% uptick recorded in the previous session. FBNH, STERLNBANK, and ETI were the most active to boost market turnover.  FBNH and GUARANTY topped market value list.

At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 639,442,224 shares in 4,564 deals, corresponding to a market value of NGN 6,626,792,778.27, were traded. Compared with the previous NGX trading day (Monday, December 6), today’s data shows 51% improvement in volume, 48% improvement in turnover, but 10% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 21.9 trillion.

In the aggregate, 105 NGX equities participated in trading, ending with 20 gainers and 19 losers. Abbey Mortgage Bank led the gainers with 9.47% share price appreciation closing at NGN 1.04 per share, followed by Meyer (+8.33%), N.E.M. Insurance Company (+7.56%) and Academy Press (+7.14%). On the losing side, Glaxo Smithkline Consumer came out last with an end-of-day price depreciation of 9.32% at NGN 5.35 per share, followed by Seplat Petroleum Development Co. (-5.38%), Jaiz Bank (-4.48%) and Dangote Sugar Refinery (-3.23%). FBN Holdings recorded the highest volume of 364 million traded shares, followed by Sterling Bank (81m), Ecobank Transnational (19.8m) and Guaranty Trust Holding (19.4m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 10.32 (0.02%) points to close at 42,018.92, representing a 1-week loss of 2.84%, a 4-week loss of 3.91%, but an overall year-to-date gain of 4.34%. Other remarkable indices that performed were the NGX Premium Index (+0.08%; -5.33% 1WK; +16.59% YTD), NGX Top 50 Index (+0.07%; -0.92% 1WK; +2.85% YTD), NGX Top 30 Index (+0.03%; -3.62% 1WK; +2.62% YTD), NGX Insurance Index (+1.14%; -0.18% 1WK; -1.17% YTD), NGX Banking Index (+1.13%; -2.61% 1WK; -3.17% YTD), and NGX Industrial Index (+0.29%; -0.34% 1WK; +6.49% YTD).

NGX ASI Top gainers

ABBEYBDS up +9.47% to close at N1.04

MEYER up +8.33% to close at N0.26

NEM up +7.56% to close at N2.42

ACADEMY up +7.14% to close at N0.45

ROYALEX up +6.90% to close at N0.62

NGX ASI Top losers

GLAXOSMITH down – 9.32% to close at N5.35

SEPLAT down – 5.38% to close at N615.0

JAIZBANK down – 4.48% to close at N0.64

DANGSUGAR down – 3.23% to close at N15.00

JAPAUL down – 2.56% to close at N0.38

NGX ASI Top Traded by Volume

FBNH – 364,030,356 units

STERLING – 80,973,177 units

ETI – 19,767,670 units

GTCO – 19,420,952 units

FIDELITY – 18,629,646 units

NGX ASI Top Traded by Value

FBNH – N4,110,008,772.40

GTCO – N467,039,571.95

SEPLAT – N442,626,704.30

ZENITHBANK – N269,161,737.70

FLOURMILL – N266,595,522.55