Equities Market maintains a bullish as NGX-ASI appreciates by .07%
Nigeria’s Equities Market closed positive on Thursday as the NGX-ASI increased by 0.07% to close at 55,808.25 compared to 55,769.28 recorded at the close of the previous trading day; indicating a YTD return of +8.89%.
Market capitalization rose by N21.21 billion to N30.3879 trillion from N30.3667 trillion recorded at the close of the previous trading day, while the market turnover nosedived to N5.73 billion from N18.99 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 390,219,293 shares in 7,725 deals, corresponding to a market value of NGN 5,727,418,444.68, were traded.
Compared with the previous NGX trading day (Wednesday, May 31), today’s data shows 41% decline in volume, 70% decline in turnover, and 23% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 30.4 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 29 gainers and 20 losers. Conoil led the gainers with 9.92% share price appreciation closing at NGN 63.70 per share, followed by Sterling Bank (+9.76%), Eterna (+9.74%) and Cornerstone Insurance Company (+8.97%).
On the losing side, McNichols came out last with an end-of-day price depreciation of 10.39% at NGN 0.69 per share, followed by FTN Cocoa Processors (-9.88%), Champion Breweries (-9.62%) and Chams (-8.16%). Access Holdings recorded the highest volume of 51.3 million traded shares, followed by United Bank for Africa (46.1m), FTN Cocoa Processors (37.3m) and Zenith Bank (37.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 38.97 (0.07%) points to close at 55,808.25, representing a 1-week gain of 5.44%, a 4-week gain of 6.9%, and an overall year-to-date gain of 8.89%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.63%; +6.54% 1WK; +17.19% YTD), NGX Top 30 Index (+0.05%; +5.78% 1WK; +9.74% YTD), NGX Oil & Gas Index (+2.27%; +9.53% 1WK; +31.79% YTD), NGX Insurance Index (+1.11%; +3.16% 1WK; +21.21% YTD), NGX Banking Index (+0.95%; +8.7% 1WK; +26.57% YTD), and NGX Main Board Index (+0.29%; +4.03% 1WK; +4.21% YTD).