Trading at the Nigerian Exchange (NGX) opened negative on Wednesday, 1st March, amidst buy-interests and sell-offs as bears dominated the session, thereby shrinking the broad market’s value
Consequently, the equities market’s All-share Index (ASI) slumped by 0.53% to close at 55,508.61 points while the market capitalization declined by N162 billion to close at N30.238 trillion.
The market’s indices showed that the decline in the ASI dipped the market’s Year-to-Date (YtD) returns down by 7.58%, slowing down the advance of the market to 3,912.65 basis points since the commencement of trading sessions in the bourse on January 4 this year.
The trading data indicated that the market breadth closed positive as VERISTASCAP led the 30 gainers’ table, just as JOHNHOLT topped the 11 losers table at the end of the trading session.
According to the trading data from the Nigerian Exchange Limited (NGX), the volume of stocks traded on Wednesday stood at 565.8.1 million with a value of N6.57 billion in 4,340 deals.
At the end of the day’s trading session, the five top ASI gainers were VERISTASCAP up + 10.00% to close at N0.22; ARDOVA up + 9.76% to close at N18.55; WEMABANK up + 8.75% to close at N4.35; TIP up + 8.33% to close at N0.52; and GEREGU up + 8.20% to close at N298.10
On the flip side of the data, the top five ASI losers were JOHNHOLT down – 9.66% to close at N1.59; ETI down – 7.69% to close at N12.00; AIRTELAFRI down – 5.25% to close at N1,535.00; UCAP down – 3.91% to close at N14.75; and FTNCOCOA down – 3.45% to close at N0.28
The indices further reflected that the top 3 traded stocks by volume were TRANSCORP –47,892,996; GTCO –46,625,600; and OANDO –19,977,379 while those that topped the value table comprised GTCO – N1,258,247,986; AIRTELAFRI – N772,610,018; and ZENITHBANK – N334,191,971
