Equities Market: UBA records highest volume of traded shares

UBA’s half-year profit rises by 33% to N76.2bn

United Bank for Africa (UBA) recorded the highest volume of 48 million traded shares, followed by Fidelity Bank (46.5m), Zenith Bank (24.2m) and Guaranty Trust Holding (GTCO) (14.5m).

At the end of the last weekday of trading , a total of 257,327,180 shares in 4,586 deals, corresponding to a market value of NGN 2,863,477,787.06, were traded. Compared with the previous NGX trading day (Thursday, March 31), today’s data shows 22% decline in turnover but 8% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.3 trillion.

In the aggregate, 105 NGX listed equities participated in trading, ending with 12 gainers and 37 losers. Nigerian Aviation Handling Co. led the gainers with 10% share price appreciation closing at NGN 4.29 per share, followed by Multiverse Mining & Exploration (+9.52%), Meyer (+9.09%) and Fidelity Bank (+7.19%). On the losing side, Red Star Express came out last with an end-of-day price depreciation of 10% at NGN 2.70 per share, followed by Total Nigeria (-9.97%), Conoil (-9.92%) and Cutix (-9.69%).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 122.62 (-0.26%) points to close at 46,842.86, representing a 1-week loss of 0.26%, a 4-week loss of 0.9%, but an overall year-to-date gain of 9.66%. Other remarkable indices that performed were the NGX Top 30 Index (-0.39%; -0.75% 1WK; +3.59% YTD), NGX Top 50 Index (-0.72%; -1.9% 1WK; +0.91% YTD), NGX Banking Index (+0.02%; -7.13% 1WK; +0.82% YTD), NGX Consumer Goods Index (-0%; -1.84% 1WK; -5.96% YTD), NGX Industrial Index (-0.07%; -0.07% 1WK; +5.32% YTD), and NGX Premium Index (-0.09%; +1.31% 1WK; +7.73% YTD).