Equities Market maintains bearish trend as NGX-ASI declines by -0.33%
Nigeria’s Equities Market closed negative on Friday as the NGX-ASI decreased by 0.33% to close at 59,000.96 compared to 59,195.21 recorded at the close of the previous trading day; indicating a YTD return of +15.12%.
Capitalization decreased by N105.77 billion to N32.1263 trillion from N32.2321 trillion recorded at the close of the previous trading day, while the market turnover decreased to N6.51billion from N15.36 billion recorded at the close of the previous trading day.
At the end of the last weekday of trading, a total of 622,416,515 shares in 9,417 deals, corresponding to a market value of NGN 6,510,616,008.27, were traded.
Compared with the previous NGX trading day (Thursday, June 15), today’s data shows 47% decline in volume, 58% decline in turnover, and 25% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 32.1 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 28 gainers and 33 losers. Wapic Insurance led the gainers with 10% share price appreciation closing at NGN 0.66 per share, followed by FTN Cocoa Processors (+9.76%), Transcorp Hotels (+9.69%) and Unity Bank (+9.68%).
On the losing side, N.E.M. Insurance Company came out last with an end-of-day price depreciation of 9.87% at NGN 6.30 per share, followed by Abbey Mortgage Bank (-9.52%), Computer Warehouse Group (-9.5%) and John Holt (-9.45%).
LivingTrust Mortgage Bank recorded the highest volume of 103 million traded shares, followed by United Bank for Africa (46.3m), Access Holdings (41m) and Zenith Bank (39.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 194.25 (-0.33%) points to close at 59,000.96, representing a 1-week gain of 5.44%, a 4-week gain of 12.21%, and an overall year-to-date gain of 15.12%.
Other remarkable indices that performed were the NGX Top 50 Index (-1.13%; +7.26% 1WK; +25.24% YTD), NGX Top 30 Index (-6.06%; +5.81% 1WK; +16% YTD), NGX Main Board Index (-0.29%; +4.81% 1WK; +10.43% YTD), NGX Premium Index (-0.37%; +6.28% 1WK; +29.53% YTD), NGX Industrial Index (-1.48%; -2.17% 1WK; +0.44% YTD), and NGX Consumer Goods Index (-2.78%; +4.13% 1WK; +49.92% YTD).
