Equity trading at NGX
NGX: Investors record N11.88bn loss as ASI drops by 0.06% to open the week negative
Equities market closed on a positive note, as NGXASI appreciated by -0.06% to close at 45,957.35 basis points as against +0.15% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +7.52%.
Market breadth closed negative as NNFM led 15 Gainers as against 26 Losers topped by REGALINS at the end of today’s session an unimproved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -1.06% as against -67.76% downtick recorded in the previous session. CHAMS, UBA and COURTVILLE were the most active to boost market turnover. SEPLAT and UBA topped market value list.
ABCTRANS 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 NGX, a total of 278,605,710 shares in 4,447 deals, corresponding to a market value of NGN 2,887,482,880.14, were traded. Compared with the previous NGX trading day (Friday, January 21), today’s data shows 1% decline in volume, 20% improvement in turnover, and 19% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 24.8 trillion.
In the aggregate, 106 NGX equities participated in trading, ending with 15 gainers and 26 losers. LivingTrust Mortgage Bank led the gainers with 9.62% share price appreciation closing at NGN 1.14 per share, followed by Northern Nigeria Flour Mills (+9.49%), Academy Press (+9.09%) and Courteville Business Solutions (+8.7%). On the losing side, Regency Alliance Insurance came out last with an end-of-day price depreciation of 9.52% at NGN 0.38 per share, followed by FTN Cocoa Processors (-7.69%), N.E.M. Insurance Company (-5.41%) and Sovereign Trust Insurance (-4.17%). Chams recorded the highest volume of 40.5 million traded shares, followed by United Bank for Africa (35.1m), Courteville Business Solutions (33.3m) and Sterling Bank (18.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 29.08 (-0.06%) points to close at 45,928.27, representing a 1-week gain of 3.44%, a 4-week gain of 8.72%, and an overall year-to-date gain of 7.52%. Other remarkable indices that performed were the NGX Premium Index (-0.02%; +2.76% 1WK; +4.37% YTD), NGX Top 30 Index (-0.07%; +1.91% 1WK; +2.86% YTD), NGX Top 50 Index (-0.26%; +1.73% 1WK; +2.05% YTD), NGX Oil & Gas Index (+1.67%; +6.74% 1WK; +11.74% YTD), NGX ASeM Index (+0%), and NGX Industrial Index (-0.01%; +3.52% 1WK; +8.45% YTD).
