NGX: Investors gain N252.81bn WoW as ASI Inches Up by 1.12% to close the week positive
NGX: Transcorp, UBCAP and Access Bank most active to boost market turnover
Transcorp, UBCAP and Access Bank were the most active to boost market turnover as equities market closed on a negative note, while NGXASI depreciated by -0.26% to close at 47,482.73 basis points as against +0.19% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.87%.
Transcorp Nigeria recorded the highest volume of 29.2 million traded shares, followed by United Capital (28.3m), Access Bank (17.7m) and Zenith Bank (17.5m). SEPLAT and AIRTELAFRI topped market value list
Market breadth closed negative as ROYALEX led 15 Gainers as against 34 Losers topped by NIGERINS at the end of today’s session an unimproved performance when compared with previous outlook
Market turnover closed negative as volume moved down by -24.45% as against +23.20% uptick recorded in the previous session. REDSTAREX 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, a total of 279,953,931 shares in 5,620 deals, corresponding to a market value of NGN 4,162,725,914.96, were traded. Compared with the previous NGX trading day (Tuesday, March 1), today’s data shows 24% decline in volume, 47% decline in turnover, and 7% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.
In the aggregate, 112 NGX equities participated in trading, ending with 15 gainers and 34 losers. Royal Exchange led the gainers with 10% share price appreciation closing at NGN 1.65 per share, followed by Seplat Petroleum Development Co. (+9.33%), Multiverse Mining & Exploration (+9.09%) and N.E.M. Insurance Company (+8.38%). On the losing side, Niger Insurance Company came out last with an end-of-day price depreciation of 10% at NGN 0.27 per share, followed by International Breweries (-9.73%), RT Briscoe (-9.09%) and Nigerian Exchange Group (-8.7%). Transcorp Nigeria recorded the highest volume of 29.2 million traded shares, followed by United Capital (28.3m), Access Bank (17.7m) and Zenith Bank (17.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 121.94 (-0.26%) points to close at 47,360.79, representing a 1-week gain of 0.33%, a 4-week gain of 0.92%, and an overall year-to-date gain of 10.87%. Other remarkable indices that performed were the NGX Top 30 Index (-0.4%; +0.21% 1WK; +5.37% YTD), NGX Top 50 Index (-0.62%; -0.34% 1WK; +3.11% YTD), NGX Oil & Gas Index (+5.09%; +14.75% 1WK; +36.2% YTD), NGX Insurance Index (+1.01%; +0.87% 1WK; -3.89% YTD), NGX Premium Index (-0.07%; +1.19% 1WK; +6.57% YTD), and NGX Main Board Index (-0.41%; -0.39% 1WK; +14.8% YTD).
