NGX: Equities investors earn N51bn to open week bullish

February 21, 2022

As predicted by analysts, the Nigerian equities market opened the week in a green zone with the benchmark index appreciating by 0.20 per cent.

Specifically, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) inched up by 0.20 per cent to settle at 47,233.91 basis points at the end of trading sessions on Mont.

This outing brought both the month-to-date and year-to-date performance of the All-Share Index to stand at -1.31 per cent and 10.58 per cent respectively.

Thus, investors earned N51 billion in the session as the market capitalisation followed suit the direction of the ASI to stand at N25.457 trillion, a 0.20 per cent gain from the N25.406 trillion it stood at the end of the previous trading session.

Bulls’ camp maintained grip to close the market breadth with 31 counters in the gainers’ chart pitted against 17 counters in the losers’ chart.

On the board, RTBriscoe and United Capital gained ten per cent respectively to become the best-performing stocks in the session, flanked by African Prudential, Academy Press and Champion Breweries.

Conversely, Juli Pharmaceutical shed the most weight to lead the laggards’ chart as it is flanked by Multiverse, Mutual Benefits, FlourMills of Nigeria and Honeywell Flour Mills to complete the top losers’ chart.

All sectoral indices closed in the same direction with the ASI, save for NGX Lotus Islam and NGX ASEM that lost 0.04 per cent and 1.17 per cent respectively, while NGX Growth closed flat.

Market activity as measured by both volume and value shed weight in the session with daily traded volume standing at 421.458 million units, representing a 0.76 per cent decrease from a volume of 424.695 million units traded in the previous session.

The value of traded stocks dipped by 35.30 per cent in the session to stand at N4.221 billion as against a value of N6.523 billion recorded in the previous trading session.

Transcorp dominated the volume charts as the top traded stock by volume for
the trading session, followed by Zenith Bank, United Capital, United Bank for Africa and Fidelity Ban.

With regards to the value of traded stocks, Zenith Bank took the lead of the top five performers as well, followed by MTN Nigeria, United Capital, Guaranty Trust Holding Company and United Bank for Africa.

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