NGX : Investors lose N48.84bn as ASI dips by -0.22% amid negative market breadth
NGX : Investors lose N48.84bn as ASI dips by -0.22% amid negative market breadth
Market breadth closed negative as CUSTODYINS led 13 Gainers as against 18 Losers topped by UPDCREIT at the end of today’s session – an unimproved performance when compared with previous outlook.
Market turnover closes positive as volume moved up by +17.62% as against -48.39% downtick recorded in the previous session. ACCESS, UNIVINSURE, and UNITYBNK were the most active to boost market turnover. ACCESS and GUARANTY topped market value list.
INTBREW 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 on the Nigerian Stock Exchange (NGX), a total of 270,092,995 shares in 3,753 deals, corresponding to a market value of NGN 2,299,315,212.34, were traded. Compared with the previous NGX trading day (Monday, December 13), today’s data shows 18% improvement in volume, 30% decline in turnover, and 15% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 22.1 trillion.
In the aggregate, 97 NGX equities participated in trading, ending with 13 gainers and 18 losers. Custodian & Allied led the gainers with 9.86% share price appreciation closing at NGN 7.80 per share, followed by Royal Exchange (+8.62%), Meyer (+8.33%) and Unity Bank (+6.82%).
On the losing side, UPDC Real Estate Investment Trust came out last with an end-of-day price depreciation of 6.67% at NGN 4.20 per share, followed by Japaul Gold and Ventures (-5.13%), Caverton Offshore Support Group (-4.62%) and Guaranty Trust Holding (-3.85%).
Access Bank recorded the highest volume of 55 million traded shares, followed by Universal Insurance Company (53.2m), Unity Bank (25.2m) and FBN Holdings (21.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 93.6 (-0.22%) points to close at 42,317.52, representing a 1-week gain of 0.71%, a 4-week loss of 2.59%, but an overall year-to-date gain of 5.08%.
Other remarkable indices that performed were the NGX Premium Index (-0.15%; +0.79% 1WK; +17.51% YTD), NGX Top 30 Index (-0.29%; +1.17% 1WK; +3.82% YTD), NGX Top 50 Index (-0.48%; -1.19% 1WK; +1.62% YTD), NGX Insurance Index (+0.35%; +2.11% 1WK; +0.92% YTD), NGX Consumer Goods Index (+0.08%; +1% 1WK; -4.58% YTD), and NGX ASeM Index (+0%; -8.11% YTD).