Equities Market closes bearish as NGX-ASI declines by 0.76%
Nigeria’s Equities Market closed negative on Thursday by 0.76% as the NGX-ASI decreased to 70,042.28 from 70,581.76 recorded at the close of the previous trading day; indicating a YTD return of +36.67%.
Market capitalization decreased by N3.00 billion to N38.48 trillion from N38.78 trillion recorded at the close of the previous trading day, while the market turnover decreased to N6.09 billion from N11.02 billion.
At the end of today’s trading session , a total of 525,457,392 shares in 8,396 deals, corresponding to a market value of NGN 6,088,511,674.36, were traded.
Compared with the previous NGX trading day (Wednesday, November 1), today’s data shows 13% decline in volume, 45% decline in turnover, but 13% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 38.5 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 26 gainers and 28 losers.
Omatek Ventures led the gainers with 10% share price appreciation closing at NGN 0.55 per share, followed by Academy Press (+9.83%), Tantalizers (+9.76%) and Prestige Assurance Company (+9.76%).
On the losing side, Chams came out last with an end-of-day price depreciation of 9.84% at NGN 2.20 per share, followed by International Breweries (-8.79%), RT Briscoe (-8.51%) and Thomas Wyatt Nigeria (-8.42%).
Japaul Gold and Ventures recorded the highest volume of 92 million traded shares, followed by Fidelity Bank (67m), United Bank for Africa (46.3m) and FCMB Group (42.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) dropped 539.48 (-0.76%) points to close at 70,042.28, representing a 1-week gain of 4.41%, a 4-week gain of 5.22%, and an overall year-to-date gain of 36.67%.
Other remarkable indices that performed were the NGX Top 50 Index (-0.8%; +3.13% 1WK; +44.04% YTD), NGX Top 30 Index (-0.81%; +4.26% 1WK; +39.76% YTD), NGX Insurance Index (+1.56%; +9.46% 1WK; +68.24% YTD), NGX Oil & Gas Index (+0%; +2.31% 1WK; +102.35% YTD), NGX Consumer Goods Index (-0.19%; -0.15% 1WK; +94.49% YTD), and NGX Main Board Index (-0.4%; +5.88% 1WK; +41.18% YTD).
