Equities Market gains traction as NGX-ASI appreciates by 0.42%
Nigeria’s Equities Market returned to bullish trend on Tuesday as the NGX-ASI increased by 0.42% to close at 56,038.85 compared to 55,806.71 recorded at the close of the previous trading day; indicating a YTD return of +9.34%.
Market capitalization increased by N126.39 billion to N30.5135 trillion from N30.3870 trillion recorded at the close of the previous trading day, while the market turnover dropped to N5.82 billion from N19.84 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 322,494,757 shares in 6,165 deals, corresponding to a market value of NGN 5,824,460,117.89, were traded.
Compared with the previous NGX trading day (Monday, June 5), today’s data shows 13% decline in volume, 71% decline in turnover, and 15% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 30.5 trillion.
In the aggregate, 114 NGX listed equities participated in trading, ending with 28 gainers and 24 losers. E-Tranzact International led the gainers with 10% share price appreciation closing at NGN 4.40 per share, followed by Eterna (+9.85%), Pharma-Deko (+9.52%) and FTN Cocoa Processors (+9.23%).
On the losing side, John Holt came out last with an end-of-day price depreciation of 9.88% at NGN 1.55 per share, followed by Multiverse Mining & Exploration (-9.54%), Chellarams (-9.52%) and Omatek Ventures (-9.09%). United Bank for Africa recorded the highest volume of 47.1 million traded shares, followed by Access Holdings (39.9m), Guaranty Trust Holding (30.2m) and Fidelity Bank (23.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 232.14 (0.42%) points to close at 56,038.85, representing a 1-week gain of 0.54%, a 4-week gain of 6.58%, and an overall year-to-date gain of 9.34%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.31%; +0.06% 1WK; +9.83% YTD), NGX Top 50 Index (+0.3%; -0.54% 1WK; +17.27% YTD), NGX Oil & Gas Index (+1.02%; +9.99% 1WK; +39.46% YTD), NGX Main Board Index (+0.78%; +1.81% 1WK; +5.41% YTD), NGX Insurance Index (+0.57%; +0.8% 1WK; +23.97% YTD), and NGX Consumer Goods Index (+0.21%; +2.2% 1WK; +44.16% YTD).
