*ASI depreciates marginally by -0.02% as investors lose N4.75bn to open the week negative
FCMB, Fidelity Bank and Zenith Bank were the most active to boost market turnover in today’s trading at the Nigerian Stock Exchange (NGX). %). FCMB Group recorded the highest volume of 1.02 billion traded shares, followed by Fidelity Bank (38.1m), Zenith Bank (28.5m) and Transcorp Nigeria (21m). FCMB and MTNN topped market value list.
But equities market closed on a negative note, as NGXASI depreciated by -0.02% to close at 47,428.67 basis points as against +0.16% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +11.03%.
Market breadth closed negative as RTBriscoe led 18 Gainers as against 23 Losers topped by CWG at the end of today’s session an unimproved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by +11.00% as against +341.02% uptick recorded in the previous session. Redstar Express 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 on the Nigerian Stock Exchange (NGX), a total of 1,280,473,135 shares in 4,735 deals, corresponding to a market value of NGN 7,918,608,955.55, were traded. Compared with the previous NGX trading day (Friday, March 11), today’s data shows 11% improvement in volume, 13% improvement in turnover, and 21% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.6 trillion.
In the aggregate, 114 NGX listed equities participated in trading, ending with 18 gainers and 23 losers. RT Briscoe led the gainers with 9.59% share price appreciation closing at NGN 0.80 per share, followed by Ecobank Transnational (+7.27%), Prestige Assurance Company (+6.52%) and Niger Insurance Company (+4.55%). On the losing side, Computer Warehouse Group came out last with an end-of-day price depreciation of 10% at NGN 0.99 per share, followed by Eterna (-10%), Royal Exchange (-9.92%) and Veritas Kapital Assurance (-8.7
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 8.81 (-0.02%) points to close at 47,428.67, representing a 1-week gain of 0.35%, a 4-week gain of 0.77%, and an overall year-to-date gain of 11.03%. Other remarkable indices that performed were the NGX Top 30 Index (+0.08%; +0.65% 1WK; +5.77% YTD), NGX Top 50 Index (+0.04%; +1.17% 1WK; +3.97% YTD), NGX Banking Index (+1.15%; +1.76% 1WK; +10.71% YTD), NGX Pension Index (+0.13%; +1.06% 1WK; +6.44% YTD), NGX Industrial Index (+0.12%; -0.01% 1WK; +5.4% YTD), and NGX Main Board Index (-0.02%; +0.25% 1WK; +14.72% YTD).