NGX: Transcorp, Fidelity , UBA , Zenith most active to boost market turnover
… As ASI depreciates by -0.33% to open the week negative
Transcorp, Fidelity Bank, United Bank for Africa (UBA) and Zenith Bank were the most active to boost market turnover on Monday trading at the Nigerian Stock Exchange (NGX). Zenith Bank and MTNN topped market value list as equities market closed on a negative note.
All Share Index(ASI) depreciated by -0.33% to close at 46,687.85 basis points as against -0.26% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +9.30%.
Transcorp Nigeria recorded the highest volume of 28.9 million traded shares, followed by Fidelity Bank (23.5m), United Bank for Africa (15.1m) and Zenith Bank (12.6m).
Market breadth closed Negative as Red Star Express led 22 gainers as against 19 losers topped by Regalins at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by -14.70% as against +0.51% uptick recorded in the previous session. FTN Cocoa leads the list of active stocks that recorded impressive volume spike at the end of today’s session.
At the end of the first weekday of trading, a total of 219,495,846 shares in 5,168 deals, corresponding to a market value of NGN 1,930,926,442.82, were traded. Compared with the previous NGX trading day (Friday, April 1), today’s data shows 15% decline in volume, 33% decline in turnover, but 13% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.2 trillion.
In the aggregate, 111 NGX listed equities participated in trading, ending with 22 gainers and 19 losers. Red Star Express led the gainers with 10% share price appreciation closing at NGN 2.97 per share, followed by Nigerian Aviation Handling Co. (+9.79%), Meyer (+9.72%) and Veritas Kapital Assurance (+9.52%).
On the losing side, Regency Alliance Insurance came out last with an end-of-day price depreciation of 9.68% at NGN 0.28 per share, followed by Japaul Gold and Ventures (-8.82%), Wapic Insurance (-6.82%) and Lafarge Wapco (-6.78%). Transcorp Nigeria recorded the highest volume of 28.9 million traded shares, followed by Fidelity Bank (23.5m), United Bank for Africa (15.1m) and Zenith Bank (12.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 155.01 (-0.33%) points to close at 46,687.85, representing a 1-week loss of 0.44%, a 4-week loss of 1.22%, but an overall year-to-date gain of 9.3%. Other remarkable indices that performed were the NGX Top 50 Index (-0.11%; -0.66% 1WK; +0.8% YTD), NGX Top 30 Index (-0.41%; -0.7% 1WK; +3.17% YTD), NGX Oil & Gas Index (+0.27%; -3.04% 1WK; +24.08% YTD), NGX Consumer Goods Index (+0.2%; -1.82% 1WK; -5.78% YTD), NGX Main Board Index (+0.15%; -0.81% 1WK; +12.56% YTD), and NGX Insurance Index (-0.32%; -0.29% 1WK; -6.9% YTD).