NGX: Access, Zenith ,UBA ,GTCO most active to boost market turnover

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Access Bank, Zenith Bank and United Bank for Africa (UBA)  and  GTCO were the most active to boost market turnover according to equities market report on Monday.

Access Bank recorded the highest volume of 27.2 million traded shares, followed by Zenith Bank (19.9m), UBA (18.7m) and GTCO (18.4m).Zenith Bank and GTCO topped market value list

 Equities market closed on a negative note, as NGXASI depreciated by -0.07% to close at 47,251.93 basis points as against -0.15%  depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.62%.        

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Market breadth closed negative as Guinness  led 15 Gainers as against 22 Losers topped by RTBRISCOE at the end of today’s session an unimproved performance when compared with previous outlook.    

Market turnover closed negative as volume moved down by -64.38% as against +150.07% uptick recorded in the previous session.

At the end of the first weekday of trading, a total of 213,569,936 shares in 4,485 deals, corresponding to a market value of NGN 2,675,607,403.31, were traded. Compared with the previous NGX trading day (Friday, March 18), today’s data shows 64% decline in volume, 30% decline in turnover, but 5% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.

In the aggregate, 112 NGX listed equities participated in trading, ending with 15 gainers and 22 losers. Guinness Nigeria led the gainers with 10% share price appreciation closing at NGN 71.50 per share, followed by Royal Exchange (+8.33%), Mutual Benefits Assurance (+8%) and Lasaco Assurance (+6%). On the losing side, United Bank for Africa came out last with an end-of-day price depreciation of 10.4% at NGN 7.75 per share, followed by RT Briscoe (-10%), Berger Paints (-9.64%) and Ikeja Hotel (-8.76%).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 30.74 (-0.07%) points to close at 47,251.93, representing a 1-week loss of 0.37%, a 4-week gain of 0.04%, and an overall year-to-date gain of 10.62%. Other remarkable indices that performed were the NGX Top 50 Index (+0.17%; +0.38% 1WK; +4.37% YTD), NGX Top 30 Index (-0.09%; -0.36% 1WK; +5.39% YTD), NGX Consumer Goods Index (+0.46%; +0.44% 1WK; -2.7% YTD), NGX Pension Index (+0.1%; -0.39% 1WK; +6.03% YTD), NGX Premium Index (+0.06%; -0.3% 1WK; +6.66% YTD), and NGX Main Board Index (+0.03%; -0.23% 1WK; +14.45% YTD).