The Nigerian Exchange Limited (NGX) has declared the introduction of two fresh futures contracts with a due date of 16 June 2023 for the NGX30 and NGX PENSION indices.
The Exchange’s market announcement bulletin revealed this detail.
Godstime Iwenekhai, Head of the Listings and Regulations Department at NGX Regulation Limited, endorsed the announcement, which stated in part:
“Trading License Holders and the investing public are hereby informed of the introduction of NGX30 INDEX and NGX PENSION INDEX Futures Contracts (expiring 16 June 2023) on Nigerian Exchange Limited (NGX) today, 12 December 2022.”
Listing prices:
The NGX Pension Index contract (NGXPENSIONM3 and ISIN code NGNGXPEINM37) was listed at a rate of N1,782 per unit, as per the Exchange, whereas the NGX30 Index contract (NGX30M3 and ISIN code NGNGX20INM36) was listed at a rate of N1,836.25 per unit.
If you missed it, the NGX commenced the trading week robustly with a market capitalization rise of N10 billion.
The performance of all stocks is monitored by the NGX All-Share Index, which rose by 0.04% to 48,899.08 basis points, building on the upward momentum from the prior week. A total of 236.59 million shares valued at N2.52 billion were exchanged by investors across 3,337 transactions, marking a 134.66% rise from the 100.82 million shares valued at N1.14 billion traded in 2,440 transactions on Friday.
Learn Africa Plc (9.70%), Jaiz Bank Plc (9.20%), SCOA Nigeria Plc (8.86%), Sunu Assurance Plc (7.14%), and J.A. Paul Gold & Ventures Plc (3.70%) were the five leading gainers of the day. AXA Mansard Insurance Plc (-4.52%), Sterling Bank Plc (-3.60%), Neimeth Pharmaceuticals Plc (-8.57%), Royal Exchange Plc (-9.88%), and Courtville Business Solutions Plc (-2.17%) were the underperformers.
By volume, Access Holdings Plc emerged as the most actively traded stock, with traders exchanging 120.98 million shares in 172 transactions. Jaiz Bank Plc followed closely, with 19.04 million shares traded in 52 transactions. Access Holdings also led in terms of value, transacting shares worth N1.03 billion across 172 deals.
