NGX Index Ends Flat, MTNN, BUAFoods Rise
The Nigerian Exchange (NGX) All Share Index (ASI) remained flattish in today’s session as demand and selloffs recorded at the local bourse balanced trading activities results amidst a slowdown in inflation pressures.
Overall, equity market capitalisation closed at N25.4 trillion. According to market data, demands were seen in stocks such as MTNN, recording a 0.25% price appreciation, DANGSUGAR gained 0.56%, BUAFOODS inched higher by 0.82%, HONYFLOUR rose 1.49%, FBNH jumped 1.79%, & FLOURMILL increased by 4.93%.
Meanwhile, selling pressures were witnessed in GTCO, recording a 0.38% price drop, ACCESS lost 0.48%, NB dipped 0.63%, ZENITH BANK shed 0.74%, UBA bumped 2.30%, & ETI was priced down by 2.80%.
Today, the market index however gained 1.54 basis points, representing an increase of 0.003 percent to close at 46,064.82. The month-to-date return printed at +0.94 while the year-to-date return printed at +10.18%.
Meanwhile, the market activities were bearish as the total volume and value plummeted by 18.88 percent and 32.74 percent, respectively. READ: BUAFoods Drives NGX Rally, Investors Gain N71 Bln
Approximately 274.21 million units valued at ₦3.82 billion were transacted in 5,331 deals, according to market data. ACCESS led as the most traded stock in terms of volume, accounting for 20.20 percent of the total volume of trades.
The bank stock was followed closely by GUINNESS (6.09%), JAPAULGOLD (5.11%), STERLNBANK (4.83%) and ETRANZACT (4.77%) to complete the top five on the volume chart.
GUINNESS emerged as the most traded stock in value terms, with 30.46 percent of the total value of trades on the exchange. LEARNAFRCA topped the advancers’ chart with price appreciation of 9.70 percent each.
The company was followed by NASCON (9.43%), FLOURMILL (4.93%), FBNH (1.79%), HONYFLOUR (1.49%), OANDO (1.22%), BUAFOODS (0.82%), DANGSUGAR (0.56%), MTNN (0.25%) and nineteen (19) others.
Likewise, twenty-one (21) stocks depreciated, led by BERGER with a price depreciation of 9.58 percent to close at ₦7.55.
CHIPLC (-4.62%), ETI (-2.80%), GUINNESS (-2.33%), UBA (-2.30%), ZENITHBANK (-0.74%), NB (-0.63%), ACCESS (-0.48%), GTCO (-0.38%), and WAPCO (-0.38%) also dipped in price. Trading data shows that market breadth closed positive, recording 28 gainers and 21 losers.
The sectorial performance was positive as three of the five sectors appreciated compared to the previous session led by Insurance (1.51%), Oil & Gas (0.26%) and Consumer Goods (0.10%). The Industrial Goods and Banking sectors dipped by 0.02% and 1.01%, respectively. #NGX Index Ends Flat, MTNN, BUAFoods Rise
