NGX loses N21 billion as investors initiate cautious-trading

Through its wholly-owned subsidiaries NGX Exchange, NGX REGCO, and NGX RELCO, the NGX Group offers a comprehensive range of services, including securities listing and trading, licensing, market data solutions, ancillary technologies, regulation, real estate, and more. NG Clearing Limited, Central Securities and Clearing Systems (CSCS), OTC platforms, and three fintech businesses are among the Group's investments in financial infrastructure.

As the benchmark All-Share Index (ASI) depreciated by 8 basis points, the NGX closed on a negative note amid sell-offs and buy-interests.

The NGX ASI finished the day at 47,207.27 points, down 0.08 percent from the previous trading day and with a YTD return of 10.51 percent. In the meantime, the market capitalization fell by N21.36 billion.

The stock exchange market value currently stands at N25.44 trillion at the end of trading day on Wednesday, February 23rd, 2022.

At the completion of today's session, ETRANZACT led 26 gainers and 16 losers, with AFRIPRUD topping the losers list.

Since the beginning of the year, the stock market has gained 4,490.87 basis points.

NGX Top ASI gainers:

ETRANZACT up +10.00% to close at N2.20

RTBRISCOE up +9.72% to close at N0.79

NIGERINS up +9.09% to close at N0.24

MAYBAKER up +9.00% to close at N5.45

WEMABANK up +8.99% to close at N0.97

NGX Top ASI losers:

AFRIPRUD down – 5.77% to close at N7.35

DANGSUGAR down – 5.28% to close at N17.05

CHAMS down – 4.17% to close at N0.23

MBENEFIT down – 3.70% to close at N0.26

ETI down – 2.98% to close at N11.40

NGX ASI Top Traded by Volume:

TRANSCORP – 23,191,590

FIDELITY – 15,522,294

UCAP – 14,711,995

NGX ASI Top Traded by Value:

SEPLAT – N645,115,158.80

AIRTEL – N316,249,649.10

ZENITH – N302,870,498.00

The market is leaning towards the bears, with the market differential favoring the advancers, with 26 gainers outnumbering 16 losers.

In today's stock market, everyone urges you to be cautious. But what precisely does that imply? How do you know what steps you need to take to lower your risk? Investors frequently ask us the following questions: "Can I pause my SIPs now that the market has reached its peak?" "Should I exit the equity market and enter the debt market?" "Could you tell us when the market is going to peak so I can get out?"

Here’s what to do:

Don't put a halt to your SIPs. Treat them as though they were a part of your monthly budget. Unless you are unable to save any longer, you do not cease saving.

On exiting: even in the worst of circumstances, it's never a good idea to sell all of your assets and sit on cash, because you could access the money too soon and miss out on a lifetime's worth of wealth-building opportunities!

When it comes to market forecasting, crystal balls are clouded the majority of the time. Forecasting the weather may be less difficult. As a result, disregard it.