Nigerian Exchange lists two new future contracts
The Nigerian Exchange Limited (NGX) has announced the listing of two new futures contracts for the NGX30 and NGX PENSION indices, expiring on 16 June 2023.
This was contained in the Exchange’s bulletin released to the market and seen by journalists.
The statement, signed by the Head of Listings and Regulations Department of NGX Regulation Limited, Godstime Iwenekhai, said, “Trading License Holders and investing public are hereby notified of the listing of NGX30 INDEX and NGX PENSION INDEX Futures Contracts (expiring 16 June 2023) on Nigerian Exchange Limited (NGX) today, 12 December 2022.”
The Exchange said that the NGX30 Index contract (with symbol NGX30M3 and ISIN code NGNGX20INM36) was listed at a price of N1,836.25 per unit, while the NGX Pension Index contract (with the symbol NGXPENSIONM3 and ISIN code NGNGXPEINM37) was listed at a price of N1,782 per unit.
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The NGX began the trading week on a positive note with a gain of N10 billion in market capitalisation.
The NGX All-Share Index which tracks the performance of stocks across the board rose by 0.04 per cent to 48,899.08 basis points, extending gains made from the previous week. Investors traded 236.59 million shares valued at N2.52 billion in 3,337 deals, a 134.66 per cent increase from 100.82 million shares worth N1.14 billion exchanged in 2,440 deals on Friday.
The top five gainers of the day were Learn Africa Plc (9.70 per cent), Jaiz Bank Plc (9.20 per cent), SCOA Nigeria Plc (8.86 per cent), Sunu Assurance Plc (7.14 per cent), and J.A. Paul Gold & Ventures Plc (3.70 per cent). Decliners were Royal Exchange plc (-9.88 per cent), Neimeth Pharmaceuticals Plc (-8.57 per ent), AXA Mansard Insurance Plc (-4.52 per cent), Sterling Bank Plc (-3.60 per cent), and Courtville Business Solutions Plc (-2.17 per cent).
By volume, Access Holdings Plc was the most traded stock as investors exchanged 120.98 million units of its shares in 172 deals, followed by Jaiz Bank Plc at 19.04 million shares in 52 deals. By value, Access Holdings also dominated the charts at N1.03 billion worth of shares in 172 deals.
