Regalins, Prestige Assurance Lead Gainers as NGX Closes Flat Amid Decline in Trading Volume
The Nigerian Exchange (NGX) closed Tuesday’s trading session on a quiet note, with the All-Share Index (ASI) slipping marginally by 6.3 points to settle at 147,710.96, compared to 147,717.2 recorded in the previous session. Despite the near-flat performance, the market maintained its strong year-to-date growth of 43.51%, reflecting continued investor confidence in the Nigerian capital market.
Market activity slowed as trading volume dipped to 495 million shares, a decline from 624 million shares traded the day before. The market capitalization remained stable at N93.7 trillion, while investors executed 25,645 deals. Analysts noted that investors seemed cautious amid mixed performance across sectors, preferring to take profits from recent gains.
On the gainers’ chart, Regalins Insurance and Prestige Assurance led the way, advancing 8.82% and 6.71% respectively. Other top performers included WAPIC Insurance, Legend Interiors, and CWG Plc, which all posted healthy price gains. On the flip side, Austin Laz & Co. and Fidson Healthcare topped the losers’ list, dropping 7.94% and 6.67%, respectively, as investors engaged in selective sell-offs.
In terms of market activity, Fidelity Bank emerged as the most traded stock, with 50.9 million shares changing hands, followed by Chams Holdings with 37.3 million shares. Tantalizers, Access Holdings (AccessCorp), and Sovereign Trust Insurance also featured among the day’s most active equities. In value terms, MTN Nigeria, Dangote Cement, and Lafarge Africa dominated trading, accounting for multi-billion-naira transactions.
Meanwhile, the heavyweight stocks, popularly known as SWOOTs (Stocks Worth Over One Trillion Naira), ended the day largely flat. International Breweries, BUA Cement, Lafarge Africa, and Dangote Cement posted modest gains, while Nigerian Breweries slipped by 1.95%. Among the tier-one banks (FUGAZ), performance was mixed, as Zenith Bank and GTCO closed unchanged, while UBA, AccessCorp, and First HoldCo recorded mild declines.
source: nairametrics