The gainers and losers at the end of trading on Wednesday on the Nigerian Exchange Limited all but cancelled each others impact, resulting in only a slight change in the index and market capitalization figures.
The Benchmark All-Share Index shade 0.02% of its opening position to close at 37,898.56 points, with the YTD loses standing at -5.9%. The market capitalization fell by N4.5bn to N19.8tn.
Activity Level
The activity level waned on Wednesday with both the volume and value of traded shares decreasing when compared to Tuesday’s figures.
The volume of traded shares fell by 3.9% to 205.45 million, on the other hand, the value of traded shares fell by 15.5% to N2.73bn.
Shares of Guaranty Trust Holding Co. (GTCO) was the most traded by volume, with 41.83mn units of shares exchanging hands in 223 deals. MBENEFIT and WEMABANK saw their shares occupy the second and third most traded shares by volume with 14.67mn and 13.18mn units of shares respectively.
GTCO shares were also the most traded by value, as it recorded trading of shares valued at N1.25bn. ZENITHBANK and STANBIC shares were the second and third most traded by value with shares worth N233.78mn and N227.607mn respectively.
Performance of Indices
The performance of the five indices under our watch are as below;
- Consumer Goods Index: +0.02%
- Oil & Gas Index: -1.3%
- Industrial Goods Index: 0.0%
- Banking Index: +0.4%
- Insurance Index: +0.4%
Investor Sentiment
Investor sentiment as measured by market breadth (gainers/losers ratio) remained unchanged at 1.3x as 20 stocks advanced while 15 decliners.
Top Gainers: TRIPPLEG (+10.00%), IKEJAHOTEL (+9.77%), CWG (+9.57%), WEMABANK (+9.52%), LEARNAFRCA (+9.52%)
Top Losers: ROYALEX (-9.84%), OANDO (-8.51%), MBENEFIT (-6.98%), REGALINS (-6.52%), CORNERST (-3.57%)
Nnamdi Maduakor is a Writer, Investor and Entrepreneur