NGX: Investors record N23.01bn gain as ASI inches up by 0.10% to open the week positive

Equities market closed on a positive note, as NGXASI appreciated by +0.10% to close at 43,897.13 basis points as against  +0.57% % appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +2.76%.        

Market breadth closed positive as MRS led 28 Gainers as against 19 Losers topped by NNFM at the end of today’s session – an unimproved performance when compared with previous outlook.   Market turnover closed negative as volume down by -21.23% as against +126.31% uptick recorded in the previous session. TRANSCORP, ZENITHBANK and GUARANTY were the most active to boost market turnover.  DANGCEM and MTNN topped market value list

NGX TRADING SUMMARY FOR MONDAY, JANUARY 10, 2022: At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 311,255,714 shares in 5,159 deals, corresponding to a market value of NGN 8,642,447,411.47, were traded. Compared with the previous NGX trading day (Friday, January 7), today’s data shows 21% decline in volume, 30% decline in turnover, but 32% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 23.7 trillion.

In the aggregate, 110 NGX equities participated in trading, ending with 28 gainers and 19 losers. BUA Foods led the gainers with 9.96% share price appreciation closing at NGN 58.50 per share, followed by MRS Oil Nigeria (+9.72%), Aiico Insurance (+7.69%) and NPF Microfinance Bank (+6.45%). On the losing side, Northern Nigeria Flour Mills came out last with an end-of-day price depreciation of 9.66% at NGN 6.55 per share, followed by Union Bank Nigeria (-6.9%), Red Star Express (-6.38%) and MTN Nigeria (-5.84%). BUA Foods recorded the highest volume of 101 million traded shares, followed by Transnational Corp. of Nigeria (51.2m), Zenith Bank (12.1m) and Guaranty Trust Holding (10.4m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 42.71 (0.1%) points to close at 43,897.13, representing a 1-week gain of 2.76%, a 4-week gain of 3.45%, and an overall year-to-date gain of 2.76%. Other remarkable indices that performed were the NGX Top 50 Index (+0.93%; +0.48% 1WK; +0.48% YTD), NGX Premium Index (-0.43%; -0.9% 1WK; -0.9% YTD), NGX Top 30 Index (-0.48%; -0.21% 1WK; -0.21% YTD), NGX Insurance Index (+2.77%; +1.81% 1WK; +1.81% YTD), NGX Industrial Index (+1.71%; +2.06% 1WK; +2.06% YTD), and NGX NGX ASI top gainers

BUAFOODS up +9.96% to close at N58.50

MRS up +9.72% to close at N13.55

PZ up +8.53% to close at N7.00

AIICO up +7.69% to close at N0.84

NPFMCRBNK up +6.45% to close at N1.98

 ASI top losers

NNFM down –9.66% to close at N6.55

UBN down – 6.90% to close at N5.40

REDSTAREX down – 6.38% to close at N3.23

MTNN down – 5.84% to close at N185.50

SOVRENINS down – 3.85% to close at N0.25

 ASI top traded by volume

BUAFOODS – 101,356,308 units

TRANSCORP – 51,224,442 units

ZENITHBANK – 12,129,510 units

GTCO – 10,351,474 units

SOVRENINS – 9,471,537 units

ASI top traded by value

BUAFOODS – N5,929,334,018.00

DANGCEM – N687,990,976.80

MTNN – N329,795,952.90

ZENITHBANK – N308,628,093.30

GTCO – N265,607,711.15Pension Index (+0.12%; +0.51% 1WK; +0.51% YTD).