Investors gain N262.52bn as NGX-ASI increases by 0.74%
Nigeria’s Equities Market closed positive on Monday by 0.74% as the NGX-ASI increased to 65,202.41 from 64,721.09 recorded at the close of the previous trading day; indicating a YTD return of +27.22%.
Market capitalization increased by N262.52 billion to N35.685 trillion from N35.422 trillion recorded at the close of the previous trading day, while the market turnover decreased to N3.99 billion from N9.39 billion recorded at the close of the previous trading day.
At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 231,599,974 shares in 5,494 deals, corresponding to a market value of NGN 3,992,654,761.53, were traded. Compared with the previous NGX trading day (Friday, August 18), today’s data shows 57% decline in volume, 58% decline in turnover, and 7% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 35.5 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 31 gainers and 15 losers. John Holt led the gainers with 9.66% share price appreciation closing at NGN 1.59 per share, followed by SCOA Nigeria (+9.4%), BUA Foods (+9.29%) and AXA Mansard Insurance (+6.85%).
On the losing side, Tantalizers came out last with an end-of-day price depreciation of 10% at NGN 0.36 per share, followed by Omatek Ventures (-9.09%), Red Star Express (-8.57%) and Jaiz Bank (-7.78%). Transcorp Nigeria recorded the highest volume of 36.8 million traded shares, followed by Universal Insurance Company (17m), Guaranty Trust Holding (15.4m) and Jaiz Bank (14.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 458.45 (0.71%) points to close at 65,202.41, representing a 1-week loss of 0.01%, a 4-week loss of 0.1%, but an overall year-to-date gain of 27.22%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.8%; +0.19% 1WK; +29.22% YTD), NGX Top 50 Index (+0.17%; +0.64% 1WK; +43.22% YTD), NGX Consumer Goods Index (+4.97%; +6.97% 1WK; +60.16% YTD), NGX Main Board Index (+1.39%; -0.24% 1WK; +19.48% YTD), NGX Pension Index (+0.45%; +0.12% 1WK; +54.17% YTD), and NGX Insurance Index (+0.41%; -2.55% 1WK; +54.23% YTD).
