Profit-taking in FBNH, GTCO shares weighs market down by N49.21bn
NGX: Investors records N511.76bn gain as ASI appreciates by 2.00% to close the week positive
Equities market closed on a positive note, as NGXASI appreciated by +0.49% to close at 48,459.65 basis points as against +0.18% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +13.44%.
Market breadth closed positive as Oando led 35 gainers as against 18 losers topped by Academy Press at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved up by 39.82% as against 30.00% downtick recorded in the previous session. Fidelity Bank, Sovereign Trust Insurance and Zenith Bank were the most active to boost market turnover. Zenith Bank and MTNN topped market value list.
At the end of the last weekday of trading on, a total of 342,139,687 shares in 4,976 deals, corresponding to a market value of NGN 3,855,584,047.64, were traded. Compared with the previous NGX trading day (Thursday, April 21), today’s data shows 40% improvement in volume, 22% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 26.1 trillion.
In the aggregate, 111 NGX listed equities participated in trading, ending with 35 gainers and 18 losers. Oando led the gainers with 9.94% share price appreciation closing at NGN 5.86 per share, followed by Eterna (+9.92%), Meyer (+9.91%) and Lafarge Wapco (+9.89%). On the losing side, Academy Press came out last with an end-of-day price depreciation of 10% at NGN 1.17 per share, followed by RT Briscoe (-8.62%), Royal Exchange (-4.95%) and Caverton Offshore Support Group (-4.07%). Fidelity Bank recorded the highest volume of 47.2 million traded shares, followed by Sovereign Trust Insurance (44.1m), Zenith Bank (39.9m) and Transcorp Nigeria (24.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 235.79 (0.49%) points to close at 48,459.65, representing a 1-week gain of 2.31%, a 4-week gain of 2.75%, and an overall year-to-date gain of 13.44%. Other remarkable indices that performed were the NGX Top 30 Index (+0.75%; +1.79% 1WK; +7.25% YTD), NGX Top 50 Index (+0.67%; +2.18% 1WK; +6.2% YTD), NGX Banking Index (+2.93%; -0.05% 1WK; +8.71% YTD), NGX Oil & Gas Index (+1.66%; +6.36% 1WK; +37.92% YTD), NGX Pension Index (+1.12%; +2.37% 1WK; +11.07% YTD), and NGX Consumer Goods Index (+0.76%; +3.2% 1WK; -1.37% YTD).
