NGX All-Share Index closes the year positive, up 37.65% y/y

In the final trading day of the year, the bears dominated the domestic bourse as the NGX All-Share Index (ASI) shed 22bps to settle at 102,926.40 points. The market’s weak performance was primarily driven by selloff in MTNN (-3.75%), ARADEL (-0.33%) and UBA (-0.87%). Consequently, the market capitalization lost ₦135.95bn.
 Over the year, some of the top performers include GEREGU (+188.22% y/y), SEPLAT (+146.75% y/y) and OANDO (+528.57% y/y), while some of the laggards include BUACEMENT (-4.10% y/y), ACCESSCORP (-3.00% y/y), and DANGSUGAR (-43.0% y/y). In summary, the NGX Exchange finished the year, up 37.64% y/y – the fifth consecutive annual gain, while the market capitalization added ₦21.85tn y/y to close at ₦62.76tn.
 Sector wise, all sector indices under our coverage closed the year positive. The NGX Oil and Gas Index was the best performer for the year, gaining 160.29% y/y, followed by the NGX Insurance Index (+129.58% y/y), the NGX Consumer Goods Index (+52.24% y/y), the NGX Pension Index (+40.74% y/y), the NGX30 Index (+37.25% y/y), the NGX Industrial Goods Index (+31.72%y/y), and the NGX Banking Index (+22.24% y/y).
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 160.28%.
A total of 437.76m shares valued at ₦40.34bn were exchanged in 8,830 deals. ACCESSCORP (-0.62%) led the volume chart with 30.26m units traded while  ARADEL (-0.33%)  led the value chart with deals worth ₦12.97bn. Market breadth closed positive at a 1.27-to-1 ratio with advancing issues outnumbering the declining ones. UNIVINSURE (+10.00%) topped thirty-two (32) others on the leader’s table while ETERNA (-10.00%) led twenty-five (25) others on the laggard’s log.