NGX: Equities Market closes positive with market capitalization up N29.06 bn.
Nigeria’s Equities Market closed positive on Friday as the NGX-ASI increased by 0.10% to close at 52,214.62 compared to 52,161.24 recorded at the close of the previous trading day; indicating a YTD return of +1.88%.
Similarly, the market capitalization increased by N29.06 billion to N28.431 trillion from N28.402 trillion recorded at the close of the previous trading day, while the market turnover increased to N10.98billion from N5.24 billion recorded at the close of the previous trading day.
At the end of the last weekday of trading, a total of 1,417,514,887 shares in 5,527 deals, corresponding to a market value of NGN 10,980,724,152.33, were traded. Compared with the previous NGX trading day (Thursday, May 11), today’s data shows 197% improvement in volume and 110% improvement in turnover. The current market capitalization of the Nigerian Stock Exchange is NGN 28.4 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 31 gainers and 14 losers. MRS Oil Nigeria led the gainers with 9.93% share price appreciation closing at NGN 33.75 per share, followed by Academy Press (+9.87%), Ikeja Hotel (+9.86%) and Transcorp Nigeria (+9.75%).
On the losing side, C&I Leasing came out last with an end-of-day price depreciation of 9.86% at NGN 3.20 per share, followed by Prestige Assurance Company (-9.76%), Royal Exchange (-6.9%) and Courteville Business Solutions (-6.52%). Fidelity Bank recorded the highest volume of 943 million traded shares, followed by Access Holdings (170m), FBN Holdings (81.1m) and Aluminium Extrusion Industries (36m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 53.38 (0.10%) points to close at 52,214.62, representing a 1-week loss of 0.48%, a 4-week gain of 0.5%, and an overall year-to-date gain of 1.88%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.32%; +1.35% 1WK; +5.06% YTD), NGX Top 30 Index (+0.28%; -0.12% 1WK; +2.17% YTD), NGX Oil & Gas Index (+1.36%; +5.2% 1WK; +20.05% YTD), NGX Insurance Index (+0.65%; +1.2% 1WK; +10.32% YTD), NGX Banking Index (+0.22%; -0.99% 1WK; +9.32% YTD), and NGX Pension Index (+0.19%; +1.05% 1WK; +9.7% YTD).
