NGX Starts Week 2 in Green as Equities Yield N256 Billion Profit

Trading activities on the floor of the Nigerian Exchange (NGX) closed with a gain of N256 billion in market capitalization to commence the second trading week of the year, 2023.

The All-Share Index (ASI) increased by 0.91% to close at 51,693.08 points. In the same vein, investors gained N256 billion which pushed the market cap to N28.156 trillion buoyed by notable bargain-hunting in AIRTELAFRI (+5.2%).

The total volume traded increased by 17.1% to 229.22 million units, valued at N2.91 billion, and exchanged in 3,900 deals.

STERLNBANK was the most traded stock by volume at 85.18 million units, while AIRTELAFRI was the most traded stock by value at NGN1.03 billion.

Performance across sectors under our coverage was mixed, as the Industrial Goods and Oil & Gas indices closed flat, while the Banking (-1.3%) and Insurance (-0.7%) indices declined. The Consumer Goods (+0.2%) index was the sole gainer of the day.

As measured by market breadth, market sentiment was positive as 18 tickers gained relative to 16 losers. THOMASWY (+9.3%) and ABCTRANS (+8.0%) recorded the most significant gains of the day, while UBN (-8.6%) and WEMABANK (-8.2%) topped the losers’ list.

 Market Indices                  

• NGX ASI: 51,693.08 points
• Previous ASI: 51,222.34 points
• Percentage Day Change: 0.91%
• Y-T-D: 0.18%
• Market Cap: N 28.155trillion
• Volume: 229.2million
• Value: N2.90billion
• Deals: 3,900

NGX Top ASI gainers

• THOMASWY up + 9.28% to close at N1.06
• ABCTRANS up +8.00% to close at N 0.27
• ROYALEX up + 5.88% to close at N1.08
• AIRTELAFRI up + 5.16% to close at N1630.00
• CHIPLC up + 5.00% to close at N0.63

NGX Top ASI losers

• UBN down – 8.63% to close at N6.35
• WEMABANK down – 8.21% to close at N3.58
• AIICO down – 6.25% to close at N0.60
• CAVERTON down – 4.95% to close at N 0.96
• STANBIC down – 4.33% to close at N32.00

Top 3 by Volume

• STERLNBANK – 85,177,667
• UBA – 21,623,427
• FBNH – 20,090,894

Top 3 by Value

• AIRTELAFRI- N1,026,708,692
• FBNH– N222,859,915
• ZENITHBANK- N202,480,757