Profit-taking in FBNH, GTCO shares weighs market down by N49.21bn
NGX: Investors record N181.73bn gain as ASI appreciates further by 0.72%, maintaining positive posture
Equities market closed on a positive note, as NGXASI appreciated by +0.72% to close at 47205.03 basis points as against +0.51% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.51%.
Market breadth closed positive as CAP led 30 gainers as against 16 losers topped by Academy Press at the end of today’s session an unimproved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by 9.25% as against 45.76% uptick recorded in the previous session. GTCO, Zenith Bank, and NB were the most active to boost market turnover. Seplat and GTCO topped market value list.
Seplat 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, a total of 245,422,059 shares in 5,832 deals, corresponding to a market value of NGN 4,580,245,134.88, were traded. Compared with the previous NGX trading day (Monday, April 11), today’s data shows 9% improvement in volume, 20% improvement in turnover, but 2% decline in deals. The current market capitalization of the NGX is NGN 25.5 trillion.
In the aggregate, 111 NGX listed equities participated in trading, ending with 30 gainers and 17 losers. CAP led the gainers with 10% share price appreciation closing at NGN 19.80 per share, followed by Neimeth International Pharma (+9.86%), Meyer (+9.68%) and Berger Paints (+9.68%).
On the losing side, Academy Press came out last with an end-of-day price depreciation of 10% at NGN 1.44 per share, followed by Caverton Offshore Support Group (-9.92%), Royal Exchange (-9.62%) and Linkage Assurance (-7.55%). GTCO recorded the highest volume of 39.1 million traded shares, followed by Zenith Bank (27.2m), Nigerian Breweries (15.5m) and Fidelity Bank (11m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 337.08 (0.72%) points to close at 47,205.03, representing a 1-week gain of 0.91%, a 4-week loss of 0.29%, but an overall year-to-date gain of 10.51%.
Other remarkable indices that performed were the NGX Top 50 Index (+1.12%; +2.03% 1WK; +3.28% YTD), NGX Top 30 Index (+1.04%; +1.39% 1WK; +4.92% YTD), NGX Banking Index (+2.77%; +6.5% 1WK; +8.15% YTD), NGX Consumer Goods Index (+1.94%; +1.75% 1WK; -4.45% YTD), NGX Oil & Gas Index (+1.71%; +3.02% 1WK; +29.63% YTD), and NGX Pension Index (+1.53%; +3.48% 1WK; +7.87% YTD).
