NGX Equity Market Gain Increases As ASI Closes At 47,246.90bps

Trading in the domestic bourse continued on a positive note as investors bought more into ZENITHBANK (+0.56%) and MTNN (+0.15%) shares. Thus, the all-share index grew by +0.03% to close at 47,246.90 basis points which represented a 12.99bps growth from the previous session position.  

Taking a look at the broader picture, the ASI narrowed the gap by 82.9 bps from its 52-week all-time high of 47,329.80 bps.

The Week-to-Date (W-t-D), Month-to-Date (M-t-D), and Year-to-Date (Y-t-D) indicators grew by +0.23%, +1.33%, and +10.61%, respectively.

Consequently, the volume of trade grew by 0.09% to close at 421.82 million units traded in 5,992 transactions, compared to the previous session's figure of 421.46 million units traded. The value of shares also fell by 22.14% to close at NGN5.16 billion, compared to the previous session's figure of NGN4.220 billion traded.

The equity market gained an additional NGN6.99 billion as its cap closed at NGN25,463.50 trillion as against its previous session position of NGN25,456.51 trillion.

UCAP with a volume trade of 66.1 million units of shares traded, was the most dominant stock by volume, while ZENITHBANK maintained its position as the most dominant stock by value, having generated over NGN1.39 billion from 46.3 million units traded.

SEPLAT, with shares valued at NGN775.5 million, and TRANSCORP, with 53.5 million units traded, were also notable.

When broken down by sector, the oil and gas and industrial goods indexes closed flat, while the consumer goods (-0.4%) index, banking (-0.1%) index, and insurance (-0.6%) indexes posted losses.

As measured by market breadth, the mood in the market was positive as 29 stocks gained, while 18 stocks lost.

The most gains were made by AFRIPRUD (+9.56%), which closed trading at NGN7.45/unit, ACADEMY (+9.50%), which closed trading at NGN1.96/unit, CHAMPION (+8.76%), which closed trading at NGN2.23/unit, and MAYBAKER (+8.31%), which closed trading at NGN4.56/unit, while  HONYFLOUR  (-12.50%), which closed trading at NGN3.85/unit, VERITASKAP (-9.76%), which closed trading at NGN0.23/unit, MULTIVERSE (-8.00%), which closed trading at NGN0.23/unit, and MBENEFIT (-7.14%), which closed trading at NGN0.26/unit, registered the most losses.