Buying Interest in the Financial and Consumer goods Sectors Keeps Equity Market in the Green, as NGX-ASI Grew by +12.16% in 5 Weeks


Local bourse closed trading activities for the week bullish, extending the market positive sentiment to three consecutive trading days, as market performance indicators (NGX-ASI and Market Capitalization) grew by +0.17%.

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The market YTD returns stood +15.45%. The market index (All-Share Index) added 83.27 basis points, representing an increase of +0.17% to close at 49,316.29.

The Market Capitalization also gained ₦45.36 bn, representing a growth of +0.17% to close at ₦26,861.26 trillion from ₦26,815.90 trillion yesterday.

However, market activities were down today, as the Total Volume and Total value traded for the day reduced by +53.45%, and +5.73% respectively.

Approximately 103.71 million units valued at ₦2,007.23 million were transacted in 3,280 deals.

ZENITHBANK was the most traded stock in terms of volume, accounting for 13.63% of the total volume of trades, followed by GTCO (13.10%), ETI (10.77%), UBA (7.46%), and FIDELITYBK (4.53%) to complete the top 5 on the volume chart, while ZENITHBANK was also the most traded stock in value terms, with 16.84% of the total value of trades on the exchange.

UPDC topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by PZ (9.73%), THOMASWY (9.62%), CHAMPION (9.33%), NEIMETH (9.02%), and twelve (12) others.

Eleven (11) stocks depreciated, and ACADEMY was the top loser, with a price depreciation of -9.70% to close at ₦1.21, as HONYFLOUR (-3.64%), FTNCOCOA (-3.13%), FCMB (-2.86%), NB (-1.30%), and TRANSCORP (-0.87%) also dipped in price.

In that regard, the market breadth closed positive, recording 17 gainers and 11 losers.

Furthermore, the market sector performance closed positive, as three out of the five major market sectors were up, led by the Banking sector (+1.09%), the Insurance sector (+0.56%), and the Consumer goods sector (+0.08%), while the Oil & Gas sector dropped by (-0.11%). The Industrial sector closed unchanged.

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