NGX ends week on a flat observe as banking shares start resurgence 

Following a quick uptick on April 25, 2024, the NGX resumed its downward trajectory on Friday, April 26, concluding the week with minimal motion.  

The All-Share Index settled at 98,152.91 factors, marking a marginal decline of 0.02% in comparison with the day gone by’s shut of 98,169.30 factors. 

Equities misplaced N11.1 billion, because the market capitalization closed at N55.51 trillion, representing a slim decline from the N55.52 trillion posted yesterday.  

Regardless of the bearish sentiment out there, there was an optimistic outlook from banking shares, as FBNH and STANBIC posted 10% features respectively to steer the gainers. Whereas ACCESSCORP and UBA gained 3.85% and 0.88% respectively.  

Market Indices  

• NGX All-Share Index: 98,152.91 factors 
• Earlier ASI: 98,169.30 factors 
• % Day Change: -0.02% 
• Day’s Lowest: 98,152.91 factors 
• Day’s Highest: 97,980.56 factors 
• % YTD: +31.29% (Earlier: +31.22%) 
• Market Cap: N55.51 trillion 
• Quantity Traded: 265.07 million models 
• Worth: N5.022 billion 
• Offers: 6,581 

High Gainers 

• STANBIC, +10.00% to shut at N49.50  
• NGXGROUP: +10.00% to shut at N23.10 
• FBNH: +10.00% to shut at N20.35  
• LIVESTOCK: +9.93% to shut at N1.66 
• VITAFOAM: +9.91% to shut at N18.85 

High Losers 

• SOVRENINS: -10.00% to shut at N0.36 
• REGALINS: -9.76% to shut at N0.37  
• UNITYBNK: -7.65% to shut at N1.69 
• JAPAULGOLD: -6.83% to shut at N1.91  
• WEMABANK: -6.72% to shut at N6.25  

High Traded Shares  

When it comes to buying and selling quantity, UBA (+0.88%) was the highest traded inventory with 42.35 million models, adopted by ACCESSCORP (+3.75%) with 28.55 million models, TIP (+0.56%) with 26.55 million models, ZENITHBANK (-0.91%) with 23.94 million models, and GTCO (-1.25%) with 16.55 million models.  

Regarding worth, UBA was the highest traded inventory with N980 million price of shares traded. It was adopted by ZENITHBANK with N789 million, GTCO with N592 million, NESTLE with N547 million, and ACCESSCORP with N473 million.  

SWOOT and FUGAZ Replace  

For shares price over N1 trillion, there was principally bearish sentiment, as GTCO and ZENITHBANK posted 1.25% and 0.91% losses respectively.  

Different members of the class, BUACEMENT, BUAFOODS, DANGCEM, AIRTELAFRI, MTNN, GEREGU, TRANSPOWER, and SEPLAT recorded no worth adjustments.  

For the tier-1 banks, there have been indicators of a resurgence from the losses recorded in April, as FBNH, UBA, and ACCESSCORP posted upticks, with 10.00%, 0.88%, and three.75% respectively. Nonetheless, GTCO and ZENITHBANK recorded losses.   

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