Equities Market  investors record   N706bn loss  as NGX-ASI declines by   2.03%

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 Nigeria’s  Equities Market closed negative  on Thursday  as the NGX-ASI decreased by 2.03% to close at 62,748.94 compared to 64,046.93 recorded at the close of the previous trading day; indicating a YTD return of +22.43%.

Market capitalization decreased by N706 billion to N34.16815 trillion from N34.87419 trillion recorded at the close of the previous trading day, while the market turnover decreased to N10.35 billion from N12.69 billion recorded at the close of the previous trading day.

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At the end of today’s trading session , a total of 798,467,481 shares in 10,296 deals, corresponding to a market value of NGN 10,449,334,299.29, were traded. Compared with the previous NGX trading day (Wednesday, July 12), today’s data shows 31% decline in volume, 18% decline in turnover, and 26% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 34.2 trillion.

In the aggregate, 116 NGX listed equities participated in trading, ending with 19 gainers and 57 losers.

John Holt led the gainers with 10% share price appreciation closing at NGN 1.65 per share, followed by Dangote Sugar Refinery (+9.94%), National Salt Company (+9.91%) and Skyway Aviation Handling Co. (+9.8%).

On the losing side, Stanbic IBTC Holdings came out last with an end-of-day price depreciation of 10% at NGN 61.20 per share, followed by Transcorp Hotels (-10%), Fidelity Bank (-10%) and Wema Bank (-10%). United Bank for Africa recorded the highest volume of 99 million traded shares, followed by FBN Holdings (72.7m), Transcorp Nigeria (68.8m) and FCMB Group (67.9m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) plummeted 1,297.99 (-2.03%) points to close at 62,748.94, representing a 1-week gain of 1.18%, a 4-week gain of 7.88%, and an overall year-to-date gain of 22.43%.

Other remarkable indices that performed were the NGX Top 30 Index (-2.27%; +1.76% 1WK; +24.02% YTD), NGX Top 50 Index (-3.06%; +0.84% 1WK; +36.01% YTD), NGX Industrial Index (+0.69%; +9.59% 1WK; +14.07% YTD), NGX Consumer Goods Index (-0.09%; -1.15% 1WK; +49.37% YTD), NGX Oil & Gas Index (-0.74%; +3.21% 1WK; +83.64% YTD), and NGX Main Board Index (-1.25%; +0.92% 1WK; +17.74% YTD).

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