NGX: Investors gain N252.81bn WoW as ASI Inches Up by 1.12% to close the week positive
NGX investors record N417.15bn gain as ASI inches up by 1.73%.
Equities market closed on a positive note, as NGXASI appreciated by +1.73% to close at 45,430.14 basis points as against +0.58% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +6.35%.
Market breadth closed negative as Airtel Africa led 16 Gainers as against 17 Losers topped by FTNCOCOA at the end of today’s session – an unimproved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by +7.53% as against +9.76% uptick recorded in the previous session. Guaranty Trust Holding Dangcem and FBNH were the most active to boost market turnover. Dangcem and Guaranty Trust Holding topped market value list.
Dangcem 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 252,938,074 shares in 4,218 deals, corresponding to a market value of NGN 8,925,123,598.79, were traded.
Compared with the previous NGX trading day (Tuesday, January 18), today’s data shows 8% improvement in volume, 365% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 24.5 trillion.
In the aggregate, 113 NGX equities participated in trading, ending with 16 Gainers and 17 Losers. Airtel Africa led the gainers with 10% share price appreciation closing at NGN 1,155.50 per share, followed by Cornerstone Insurance Company (+6%), Courteville Business Solutions (+5.26%) and Union Bank Nigeria (+4.46%).
On the losing side, FTN Cocoa Processors came out last with an end-of-day price depreciation of 7.69% at NGN 0.36 per share, followed by Consolidated Hallmark Insurance (-7.25%), Regency Alliance Insurance (-6.67%) and Japaul Gold and Ventures (-4.76%). Guaranty Trust Holding recorded the highest volume of 25.5 million traded shares, followed by Dangote Cement (24.5m), FBN Holdings (23.1m) and Fidelity Bank (21.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 774.25 (1.73%) points to close at 45,430.14, representing a 1-week gain of 1.84%, a 4-week gain of 7.26%, and an overall year-to-date gain of 6.35%. Other remarkable indices that performed were the NGX Premium Index (+0.2%; -0.48% 1WK; +1.88% YTD), NGX Top 30 Index (+0.1%; +0.63% 1WK; +1.56% YTD), NGX Top 50 Index (+0.03%; +0.15% 1WK; +0.85% YTD), NGX Oil & Gas Index (+2.21%; +2.69% 1WK; +7.27% YTD), NGX Insurance Index (+0.59%; -2.82% 1WK; -3.65% YTD), and NGX Banking Index (+0.5%; +1.73% 1WK; +2.96% YTD).
