NGX Sees Subdued Market Activity, ASI Gains a Marginal 0.02%

Market activity experienced a subdued tone as the Nigerian Exchange Group (NGX) closed flat, with the All-Share Index (ASI) gaining a marginal 0.02% to settle at 71,025.16 points.

While the market capitalization marginally appreciated by N7.8 billion, closing at N39.062 trillion, the market breadth leaned negative, with 22 stocks closing in the positive and 31 in the negative.

The number of deals saw a slight uptick to 6,545 from yesterday’s 6,172. However, despite a 62.7% increase in trading volume to 483.848 million units, the trading value declined to N4.38 billion from N6.16 billion recorded the previous day.

Market Indices Snapshot:

• NGX All-Share Index: 71,025.16 points
• % Day Change: +0.02%
• Day’s Lowest: 71,011.23 points
• Day’s Highest: 71,080.30 points
• % YTD: +38.58%
• Market Cap: N39.062 trillion
• Volume Traded: 483.848 million
• Value: N4.38 billion
• Deals: 6,545

Top Gainers:

• NSLTECH: +10.00% to close at N0.33
• DEAPCAP: +10.00% to close at N0.44
• CILEASING: +9.95% to close at N4.53
• NNFM: +9.85% to close at N21.75
• SCOA: +9.82% to close at N1.23

Top Losers:

• ABCTRANS: -10.00% to close at N0.90
• ETRANZACT: -9.93% to close at N6.80
• TIP: -9.80% to close at N1.02
• THOMASWY: -8.95% to close N3.46
• GUINEAINS: -8.33% to close at N0.22

Top Traded Stocks:

• REGALINS (-2.78%) led in terms of volume with 104.34 million units.
• OANDO (+1.30%) followed with 55.28 million units.
• UNIVINSURE (-4.00%) traded 53.4 million units.
• JAPAULGOLD (-1.58%) recorded 24.95 million units.
• UBA (-0.48%) closed with 21.49 million units.

Top Traded in Value:

• OANDO (+1.30%) led in terms of value with N676.6 million.
• GTCO (+0.14%) followed with N670.4 million.
• UBA (-0.48%) recorded N445.4 million.
• GEREGU (0.00) traded N371.7 million.
• ZENITHBANK (-0.74%) closed with N350.3 million.

SWOOTs and FUGAZ Update:

• Trading for heavy stocks was mostly flat, with only GTCO (+0.14%) recording a price change.
• BUACEMENT, BUAFOODS, DANGCEM, SEPLAT, and AIRTELAFRI had no price changes.
• For Tier-1 banks, FBNH and ACCESSCORP recorded no price changes. ZENITHBANK (-0.74%) and UBA (-0.48%) saw price declines, while GTCO (+0.14%) experienced a price appreciation.