NGX: Investors record N127.49bn gain as ASI appreciates by 0.51% to open the week positive
Equities market closed on a positive note, as All Share Index appreciated by +0.51% to close at 46,867.95 basis points as against +0.19% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +9.72%.
Market breadth closed Positive as NAHCO led 32 gainers as against 13 losers topped by Academy Press at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by 45.76% as against 36.85% downtick recorded in the previous session. Zenith Bank, GTCO and Sterling Bank were the most active to boost market turnover. MTNN and GTCO topped market value list.
Airtel Africa 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 224,643,990 shares in 5,946 deals, corresponding to a market value of NGN 3,823,187,066.08, were traded. Compared with the previous NGX trading day (Friday, April 8), today’s data shows 46% improvement in volume, 118% improvement in turnover, and 32% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.3 trillion.
In the aggregate, 110 NGX listed equities participated in trading, ending with 32 gainers and 13 losers. Nigerian Aviation Handling Co. led the gainers with 10% share price appreciation closing at NGN 5.50 per share, followed by UAC of Nigeria (+9.9%), Meyer (+9.73%) and Royal Exchange (+9.47%).
On the losing side, Academy Press came out last with an end-of-day price depreciation of 9.6% at NGN 1.60 per share, followed by Mutual Benefits Assurance (-7.69%), Japaul Gold and Ventures (-5.88%) and Multiverse Mining & Exploration (-4.55%). GTCO recorded the highest volume of 43.2 million traded shares, followed by Zenith Bank (31.1m), Sterling Bank (23.4m) and Fidelity Bank (13.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 236.49 (0.51%) points to close at 46,867.95, representing a 1-week gain of 0.39%, a 4-week loss of 1.18%, but an overall year-to-date gain of 9.72%. Other remarkable indices that performed were the NGX Top 30 Index (+0.67%; +0.65% 1WK; +3.84% YTD), NGX Top 50 Index (+0.56%; +1.33% 1WK; +2.14% YTD), NGX Banking Index (+2.83%; +5.43% 1WK; +5.24% YTD), NGX Insurance Index (+1.38%; +1.49% 1WK; -5.51% YTD), NGX Pension Index (+1.03%; +2.62% 1WK; +6.24% YTD), and NGX Premium Index (+0.91%; +1.97% 1WK; +9.03% YTD).
