NGX index up by 0.45%, as market capitalisation gains N116bn — Report

By Philemon Adedeji

Trading activities on the Nigerians Exchange Limited (NGX), turned positive for the opening of the week as the key market indicator furthered by 214.49 basis points amid flat market breadth.

The upturned performance was impacted by price appreciation in large and small capitalized stocks which are Maybaker, Buacement and 10 others.

The NGX All-Share Index advanced by 0.45 per cent to close at 47,565.92 basis points as against 0.19 per cent loss recorded previously to close at 47,351.43 basis points at the end of the last trading session. Absolutely in Naira term the market capitalization value gained N116.83 billion.

The total volume traded depreciated by  8.47 per cent to close at 125.65 million units, valued at N1.9 billion and exchanged in 4188 deals.

GTCO was the most traded stock by volume with 38.87 million units traded while GTCO was also the most traded stock by value which is put at N659.09 million.

Sectoral performance was broadly positive as nine  NGX sector index closed northward, six closed southward while three  closed flat. The NGX-IND inched up by 3.18 per cent to top the gainers chart while the Oil and Gas Index dipped by 2.41 per cent to top the losers’ chart.

At the close of trade yesterday, the market sentiments as measured by market breadth close positive as 12 stocks constituted the gainers as against 14 stocks that constituted the losers.

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.03x.

Maybaker led the gainers chart, yesterday by 9.76 per cent to close at N4.05 per share, followed by Ikeja hotel which rose by 9.73 per cent to close at N1.24 per share while Buacement which recorded as the last third gainer appreciated by 8.65 per cent to close at N56.50 per share.

Cornest grew by 8 per cent to close at N0.54 per cent to close at N0.54 per share and Unity bank which recorded as the last fifth gainer went up by 7.32 per cent to close at N0.44 per share.

On the other hand, UPL emerged as the highest loser with 8.54 per cent to close at N1.50 per share, followed by Cadbury which recorded as the second best loser dipped by 6.94 per cent to close at N11.40 per share while FTNcocoa processor depreciated by 6.67 per cent to close at N0.28 per share.

Caverton which recorded as the last fourth loser declined by 5.94 per cent to close at N0.98 per share and Cutix which recorded as the last fifth loser down by 4.63 per cent to close at N2.06 per cent.

Transaction in the share of Guaranty Trust Holding Company topped the activities chart with 38.865 million share worth 659.095 million, followed by First Bank Holding Company traded 22.826 million share valued at 216.871 million while Transcorp transacted 9.608 million share valued at 10.074 million.

NGX GROUP traded 6.274 million shares worth N134.526 million and Chams plc transacted 5.307 million shares valued at N1.448 million.

Garanty Trust Holding Company (GTCO), led the volume’s chart with 30.93 per cent contribution and closely followed by First Bank Holding of Nigeria and TRANSCORP.

Guaranty Trust Holding Company, (GTCO) tops the value’s chart with 34.65 per cent contribution and closely followed by SEPLAT and FBNH.