NGX Equity Trading Recovers With N16.44 Billion As ASI Peaks At 45,939.51 Bps

The domestic bourse recovered from the loss it sustained on Monday as profit-taking opportunities witnessed in SEPLAT (1.28%) helped it close on a positive note. Hence, the all-share-index grew by +0.02% to close at 45, 939.51 bps.

Despite the narrow recovery, the all-share index figure still fell by 17.84 bps from its 52-week ATH figure of 45,957.35 bps, showing a return to the buying trend in the market.

Thus, the Week-to-Date data closed negatively at -0.04%, while the Month-to-Date and Year-to-Date (Y-t-D) moderated positively at +7.55%.

Accordingly, the volume of trade decreased by -11.01%, to 247,69 million units, and was exchanged in 4,242 deals as against its previous session figure of 278.61 million units traded.

However, these shares jumped in value by +23.90%, to close at NGN3,577 billion, as against the NGN2.89 billion traded previously.

Fortunately, the equity market cap lost NGN16.44 billion to close at NGN24,755.15 trillion when compared to the previous session day's position of NGN24,738.71 trillion.

SEPLAT (+1.28%) continued from its previous day’s performance as it retained its position as the most active stock by value, as it generated NGN 963.4 million in revenues from 1.2 million units of shares traded, while the most active stock by volume was GTCO, with 24.5 million units traded valued at NGN625.3 million.

Other notable mentions were ZENITHBANK, with 17.1 million units valued at NGN440.5 million, and ACCESS, with 14.9 million units worth NGN145.5 million traded.

As measured by market breadth, market sentiment was positive as 19 companies’ stocks gained relative to 14 losers.

The most gains were made by COURTVILLE (+10.00%), which closed trading at NGN0.55/unit, ETI (+9.94%), which closed trading at NGN9.95/unit, ACADEMY (+9.72%), which closed trading at NGN0.79/unit, and CHAMPION (+8.05%), which closed trading at NGN2.55/unit, while CILEASING (-10.00%), which closed trading at NGN3.78/unit, PRESTIGE (-9.80%), which closed trading at NGN0.46/unit, CORNERST (-3.77%), which closed trading at NGN0.51/unit, and MBENEFIT (-3.70%), which closed trading at NGN0.26/unit, suffered the most losses.