Home Finance Bargain hunting spurs mild gains at NGX, ASI up 1bp

Bargain hunting spurs mild gains at NGX, ASI up 1bp

by Business News Report

Today, the local bourse recorded marginal gains as the benchmark index rose 1bp to 51,563.73 points on account of bargain hunting in ACCESSCORP (+2.1%), ZENITH (+0.5%) and GTCO (+0.5%). Accordingly, YTD return improved to 20.7% while market capitalisation advanced ₦11.9bn to ₦27.8tn. Meanwhile, trading activity improved as volume and value traded rose 5.4% and 20.7% respectively to 143m unitsand ₦1.7bn.

Across our coverage sectors, performance was mixed as 2 indices gained, 1 lost while the AFR-ICT, Oil & Gas, and Industrial Goods indices closed flat. The Banking and Consumer Goods indices gained 0.5% and 0.1% respectively on the back of buying interest in ACCESSCORP (+2.1%), ZENITH (+0.5%), HONYFLOUR (+8.4%), and CHAMPION (+8.1%). Conversely, the Insurance index dipped 0.1% due to selloffsin REGALINS(-7.4%).

Investor sentiment, as measured by market breadth, improved to 0.06x from 0.02x in the prior session as 15 stocks advanced, 10 declined while 82 closed flat. In the final trading session of the week, we expect the market to extend its positive performance due to bargaining activities.

Market Cap (₦’bn)                                             27,806.65 

Market Cap ($’bn)                                                     65.20

NGX All-Share Index                                          51,563.73

Daily Performance %                                                   0.00

WTD Performance %                                                 -0.50

MTD Performance %                                                  -0.50

QTD Performance %                                                   -0.5 0                                                    

YTD Performance %                                                   20.70                                               

Daily Volume                                                               143.30 

Daily Value (₦’bn)                                                           1.80

Daily Value ($’m)                                                             4.10

Sectoral Indices Performance

NGX 30                                                                              0.00                                           


NGX INSURANCE INDEX                                             0.50

NGX CONSUMER GOODS INDEX                             -0.10                            

NGX OIL/GAS                                                                   0.10                     

NGX LII                                                                              0.00                                  

NGX INDUSTRIAL GOODS INDEX                              0.00                            

NGX-AseM                                                                          0.00                             

Related Posts