NGX: Equities Market gains N1.5053tn as ASI appreciates by 5.22%
Nigeria Equities Market closed positive on Tuesday as the NGX-ASI increased by 5.22% to close at 55,738.35 compared to 52,973.88 recorded at the close of the previous trading day; indicating a YTD return of +8.76%.
Market capitalization increased by N1.5053 trillion to N30. 4 trillion from N28. 8446 trillion recorded at the close of the previous trading day, while the market turnover increased to N15.80 billion from N7.67 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 1,078,230,806 shares in 9,916 deals, corresponding to a market value of NGN 15,799,462,207.88, were traded. Compared with the previous NGX trading day (Friday, May 26), today’s data shows 133% improvement in volume, 106% improvement in turnover, and 52% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 30.4 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 64 gainers and 14 losers. Jaiz Bank led the gainers with 10% share price appreciation closing at NGN 1.10 per share, followed by Nigerian Breweries (+10%), Eterna (+10%) and Transcorp Hotels (+10%).
On the losing side, Ikeja Hotel came out last with an end-of-day price depreciation of 10% at NGN 2.16 per share, followed by NCR Nigeria (-9.8%), Tantalizers (-8%) and Julius Berger Nigeria (-7.94%). Access Holdings recorded the highest volume of 200 million traded shares, followed by FBN Holdings (128m), Transcorp Nigeria (95.7m) and United Bank for Africa (82m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) soared 2,764.47 (5.22%) points to close at 55,738.35, representing a 1-week gain of 6.43%, a 4-week gain of 6.36%, and an overall year-to-date gain of 8.76%.
Other remarkable indices that performed were the NGX Top 50 Index (+6.59%; +9.07% 1WK; +17.91% YTD), NGX Top 30 Index (+5.58%; +7.16% 1WK; +9.76% YTD), NGX Banking Index (+8.2%; +13.28% 1WK; +28.54% YTD), NGX Premium Index (+7.25%; +8.96% 1WK; +23.53% YTD), NGX Consumer Goods Index (+6.48%; +9.36% 1WK; +41.07% YTD), and NGX Pension Index (+6.38%; +10.48% 1WK; +25.36% YTD).
