NGX: Investors record N319.61bn gain as ASI appreciates by 1.25%
Equities market closed on a positive note, as NGXASI appreciated by +1.25% to close at 47,545.86 basis points as against +0.07% appreciation recorded previously. Its Year-to-Date (YTD) return currently stands at +12.69%.
Market breadth closed Positive as Eterna led 27 gainers as against 19 losers topped by Union Dicon at the end of today’s session an improved performance when compared with previous outlook.
Market turnover closed negative as volume moved down by 4.35% as against 5.12% downtick recorded in the previous session. Universal Insurance Company , Zenith Bank, and Fidelity Bank were the most active to boost market turnover. MTNN and Zenith Bank topped market value list.
At the end of today’s trading session, a total of 349,560,578 shares in 4,587 deals, corresponding to a market value of NGN 3,699,366,225.46, were traded. Compared with the previous NGX trading day (Tuesday, April 19), today’s data shows 4% decline in volume, 48% decline in turnover, and 21% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 26 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 28 gainers and 21 losers. Japaul Gold and Ventures led the gainers with 10% share price appreciation closing at NGN 0.33 per share, followed by Eterna (+10%), Guinness Nigeria (+9.96%) and Meyer (+9.66%). On the losing side, Union Dicon Salt came out last with an end-of-day price depreciation of 9.6% at NGN 8.95 per share, followed by Computer Warehouse Group (-9.28%), John Holt (-8.97%) and Regency Alliance Insurance (-8.57%). Universal Insurance Company recorded the highest volume of 73 million traded shares, followed by Zenith Bank (23.7m), Fidelity Bank (20.7m) and United Bank for Africa (20.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 592.85 (1.25%) points to close at 48,138.71, representing a 1-week gain of 2.71%, a 4-week gain of 1.88%, and an overall year-to-date gain of 12.69%. Other remarkable indices that performed were the NGX Top 50 Index (+0.54%; +2.85% 1WK; +5.05% YTD), NGX Top 30 Index (+0.44%; +2.31% 1WK; +6.24% YTD), NGX Oil & Gas Index (+2.98%; +4.76% 1WK; +33.51% YTD), NGX Consumer Goods Index (+2.06%; +4.23% 1WK; -2.3% YTD), NGX Main Board Index (+1.86%; +2.58% 1WK; +15.86% YTD), and NGX Industrial Index (+0.98%; +2.31% 1WK; +7.53% YTD).
