Equity trading at NGX
NGX: Investors record N215.08bn gain as ASI moves up by 0.85%
Equities market closed on a positive note, as NGXASI appreciated by +0.85% to close at 47,329.80 basis points as against -0.38% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.80%.
Market breadth closed positive as OANDO led 23 Gainers as against 19 Losers topped by PHARMDEKO at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -20.29% as against +27.36% uptick recorded in the previous session. FIDELITYBK, FBNH and GTCO were the most active to boost market turnover. GTCO and NGXGROUP topped market value list.
CHAMPION 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 NGX, a total of 346,703,273 shares in 4,952 deals, corresponding to a market value of NGN 3,834,191,408.03, were traded. Compared with the previous NGX trading day (Wednesday, February 2), today’s data shows 20% decline in volume, 39% decline in turnover, and 16% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.
In the aggregate, 108 NGX equities participated in trading, ending with 23 gainers and 19 losers. Oando led the gainers with 10% share price appreciation closing at NGN 5.17 per share, followed by Academy Press (+9.73%), SCOA Nigeria (+9.62%) and Lasaco Assurance (+8%). On the losing side, Pharma-Deko came out last with an end-of-day price depreciation of 10% at NGN 1.98 per share, followed by Champion Breweries (-8.7%), Ikeja Hotel (-6.99%) and Unity Bank (-3.77%). Fidelity Bank recorded the highest volume of 55.9 million traded shares, followed by FBN Holdings (28m), Guaranty Trust Holding (21.3m) and Transcorp Nigeria (20.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 399.14 (0.85%) points to close at 47,329.80, representing a 1-week gain of 2.87%, a 4-week gain of 8.53%, and an overall year-to-date gain of 10.8%. Other remarkable indices that performed were the NGX Premium Index (+2.03%; +5.03% 1WK; +5.6% YTD), NGX Top 50 Index (+1.01%; +3.24% 1WK; +3.53% YTD), NGX Top 30 Index (+0.92%; +3.75% 1WK; +4.97% YTD), NGX Industrial Index (+2.68%; +3.38% 1WK; +6.39% YTD), NGX Oil & Gas Index (+1.43%; +10.34% 1WK; +22.82% YTD), and NGX Lotus Islamic Index (+1.17%; +3.34% 1WK; +1.37% YTD).
