The Nigerian Exchange Limited (NGX) experienced a modest dip in trading activity as the All-Share Index retreated by 0.02% to settle at 67,206.16 points. Equities recorded a collective loss of N6 billion, causing the exchange’s market capitalization to slip from N36.929 trillion to N36.923 trillion when compared to the previous trading day.
Wednesday’s trading session was marked by a quieter atmosphere, with a total of 5,998 deals conducted, down from the 6,272 deals observed on the preceding day. Nevertheless, trading volume exhibited a slight uptick, recording 329.66 million shares traded, a mild increase from the 319.9 million shares traded the day before.
In contrast, the trading value witnessed a decline, with N4.41 billion in transactions, down from N6.33 billion on the previous trading day.
Market Indices
Here are the key market indices for today’s trading session:
– NGX All-Share Index: 67,206.16 points
– Day Change: -0.02%
– Day’s Lowest: 67,206.16 points
– Day’s Highest: 67,383.60 points
– Year-to-Date (YTD): +31.13%
– Market Cap: N36.92 trillion
– Volume Traded: 329.66 million
– Value: N4.41 billion
– Deals: 5,998
Top Gainers and Losers
In the gainers’ category, Multiverse Mining and Exploration (MULTIVERSE), Chams Holdings (CHAMS), and Caverton Offshore Support Group (CAVERTON) outperformed, recording gains of +9.74%, +9.71%, and +9.35%, respectively. FTN Cocoa Processors (FTNCOCOA) with +8.97% and Geregu Power (GEREGU) with +7.71% rounded up the list of the top five gainers at the close of trading.
Conversely, eTranzact International (ETRANZACT) led the losers’ chart with a decline of -10.00%. Sunu Assurances Nigeria (SUNUASSUR) and Deap Capital Management & Trust (DEAPCAP) followed with losses of -10.00% and -7.41%, respectively. Eterna (ETERNA) and United Bank for Africa (UBA) also recorded losses of -7.09% and -5.78% to complete the list of the top five losers of the day.
Top Traded Stocks
FIDELITYBK (-0.60%) emerged as the most traded stock in terms of volume, with 50.32 million units changing hands. It was followed by ACCESSCORP (+1.81%) with 43.19 million units, CHAMS (+9.71%) with 26.65 million units, UBA (-5.78%) with 25.85 million units, and GTCO (-1.25%) with 20.63 million units.
In terms of value traded, GTCO (-1.25%) led the chart with N733.93 million, followed by ACCESSCORP (+1.81%) with N730.10 million, ZENITHBANK (-0.60%) with N557.97 million, UBA (-5.78%) with N502.08 million, and FIDELITYBK (-0.60%) with N411.73 million.
**SWOOTs and FUGAZ Update**
For stocks worth over one trillion Naira, it was a relatively quiet trading day. BUACEM, BUAFOOD, AIRTELAFRI, MTNN, DANGCEM, and SEPLAT all recorded zero changes at the close of trading. However, GTCO (-1.25%) and ZENITHBANK (-0.60%) both experienced depreciations.
The trading activity in the NGX has been predominantly centered around Tier-1 banks in recent days, and Wednesday was no exception. The five banks, namely FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK, collectively contributed 35.6% to the trading volume and 61.20% to the day’s trading value. FBNH (+0.63%) and ACCESSCORP (+1.81%) posted price appreciations, while GTCO (-1.25%), UBA (-5.78%), and ZENITHBANK (-0.60%) observed price declines.
