Jumia co-CEO Sacha Poignonnec, left, applauds as Jumia Nigeria CEO Juliet Anammah, center, rings a ceremonial bell when the company's stock begins trading, on the floor of the New York Stock Exchange, Friday, April 12, 2019. Jumia is recognized as the first African tech startup company to be listed on the NYSE. (AP Photo/Richard Drew)
The NGX started the week on a bearish note as the All-Share Index declined by 0.15% to close at 71,008.7 points.
Equities lost N57 billion as the market capitalization declined to N39.051 trillion. Mercure continued its impressive performance at the market, gaining a further 9.95% to close today at N6.30, representing a 112.8% gain from its opening day price.
While the market closed in the negative, the market breadth was negative as 33 stocks closed in the positive, while 15 stocks closed in the negative.
There was an increase in the number of deals to 6,551 from last Friday’s 5,883. There was a decline in the volume of trading to 358.446 million units, an 18.8% decline from last Friday’s 441.579 million units.
The trading value also recorded a decline to N4.36 billion, down from last Friday’s N6.03 billion.
Here are the market Indices for today’s trading session
NGX All-Share Index: 71,008.78 points
% Day Change: -0.15%
Day’s Lowest: 70,959.16 points
Day’s Highest: 71,122.32 points
% YTD: +38.55%
Market Cap: N39.051 trillion
Volume Traded: 358.446 million
Value: N4.36 billion
MECURE: +9.95% to close at N6.30
MULTIVERSE: +9.92% to close at N3.99
ABCTRANS: +9.88% to close at N0.89
CILEASING: +9.84% to close at N5.47
NNFM: +9.83% to close at N26.25
RTBRISCOE: -9.84% to close at N0.55
PRESTIGE: -9.09% to close at N0.50
STANBIC: -7.08% to close at N65.00
CWG: -3.14% to close at N7.70
CALVERTON: -2.78% to close at N1.40
Top Traded Stocks
In terms of trading volume, ACCESSCORP (-0.58%) led with 27.83 million units, followed by AIICO (+2.70%) with 21.93 million units, UNIVINSURE (+4.17%) with 21.73 million units, JAPAULGOLD (+0.59%) with 21.24 million units, and VERITASKAP (+6.90%) with 19.00 million units.
In terms of value, ZENITH BANK (-0.75%) led the chart with N502.95 million, followed by ACCESSCORP (-0.58%) with N474.63 million, GEREGU (+0.88%) with N424.08 million, VFDGROUP (0.00) with N385.79 million, and AIRTELAFRI (0.00) with N276.60 million
SWOOTs and FUGAZ Update
For stocks worth over one trillion, trading was mostly flat as AIRTELAFRI, BUACEMENT, BUAFOODS, DANGCEM, MTNN, and SEPLAT recorded no price change. GTCO (+0.27%) and ZENITHBANK (-0.75%) recorded a price gain and decline respectively.
Tier-1 banks recorded mixed sentiments, as FBNH (+4.2%) and GTCO (+0.27%) recorded price gains, while ACCESSCORP (-0.58%), UBA (-0.48%), and ZENITHBANK (-0.75%) recorded price declines.