NGX: Sterling , Fidelity , Access Bank among most active shares to boost market turnover as investors gain N34.91bn


Stock market

Custodian & Allied  Plc recorded the highest volume of 39.2 million traded shares, followed by Sterling Bank Plc  (33.4m), Fidelity Bank Plc (22.4m) and Access Bank Plc  (20.4m) as equities market closed on a positive note.

NGXASI appreciated by +0.14% to close at 47,272.04 basis points as against -0.08% depreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +10.66%. MTN Nigeria Plc and NGXGroup topped market value list.

Market breadth closed positive as ETRANZACT led 25 Gainers as against 18 Losers topped by MULTIVERSE at the end of today’s session an unimproved performance when compared with previous outlook.

Market turnover closed positive as volume moved up by +47.70% as against -45.32%  downtick recorded in the previous session. Custodian&Allied , Sterling Bank and Fidelity Bank   and Access Bank were the most active to boost market turnover.  MTN Nigeria  and NGXGroup topped market value list.

At the end of today’s trading session, a total of 340,671,295 shares in 5,383 deals, corresponding to a market value of NGN 3,857,753,470.87, were traded. Compared with the previous NGX trading day (Wednesday, February 23), today’s data shows 48% improvement in volume, 10% improvement in turnover, and 23% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 25.5 trillion.

In the aggregate, 113 NGX equities participated in trading, ending with 25 gainers and 18 losers. E-Tranzact International led the gainers with 10% share price appreciation closing at NGN 2.42 per share, followed by Learn Africa (+9.92%), SCOA Nigeria (+9.69%) and Royal Exchange (+9.62%). On the losing side, Multiverse Mining & Exploration came out last with an end-of-day price depreciation of 8% at NGN 0.23 per share, followed by Japaul Gold and Ventures (-5%), International Breweries (-4.55%) and Chams (-4.35%). Custodian & Allied recorded the highest volume of 39.2 million traded shares, followed by Sterling Bank (33.4m), Fidelity Bank (22.4m) and Access Bank (20.4m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 64.77 (0.14%) points to close at 47,272.04, representing a 1-week gain of 0.36%, a 4-week gain of 2.74%, and an overall year-to-date gain of 10.66%. Other remarkable indices that performed were the NGX Premium Index (+0.32%; +0.38% 1WK; +5.65% YTD), NGX Top 30 Index (+0.17%; +0.58% 1WK; +5.34% YTD), NGX Top 50 Index (+0.03%; +0.18% 1WK; +3.49% YTD), NGX Oil & Gas Index (+3.85%; +3.52% 1WK; +23.26% YTD), NGX Insurance Index (+1.01%; +0.73% 1WK; -3.75% YTD), and NGX Pension Index (+0.33%; +1.03% 1WK; +5.85% YTD).