Equities Market ends the week on bullish note as ASI increases by 0.25%
Nigeria’s Equities Market closed positive Friday by 0.25% as the NGX-ASI increased to 102,401.88 from 102,149.93 recorded at the close of the previous trading day; indicating a YTD return of +36.95%. The market performance for the week increased by 8.32% to 102,401.88 from 94,538.12 recorded at the beginning of the week.
Market capitalization increased by N138 billion to N56.038 trillion from N55.900 trillion recorded at the close of the previous trading day, also, the market turnover decreased to N8.851 billion from N10.302 billion.
At the end of the last weekday of trading, a total of 519,385,036 shares in 11,301 deals, corresponding to a market value of NGN 8,850,701,081.65, were traded.
Compared with the previous NGX trading day (Thursday, January 25), today’s data shows 3% improvement in volume, 14% decline in turnover, and 8% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 46 gainers and 14 losers. Japaul Gold and Ventures led the gainers with 10% share price appreciation closing at NGN 3.08 per share, followed by PZ Cussons Nigeria (+9.92%), Royal Exchange (+9.86%) and Honeywell Flour Mill (+9.84%).
On the losing side, The Initiates came out last with an end-of-day price depreciation of 6.88% at NGN 2.30 per share, followed by Jaiz Bank (-6.39%), Tantalizers (-6%) and Daar Communications (-4.26%). Japaul Gold and Ventures recorded the highest volume of 59.2 million traded shares, followed by United Bank for Africa (48.7m), Universal Insurance Company (39.9m) and Guaranty Trust Holding (24.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 251.95 (0.25%) points to close at 102,401.88, representing a 1-week gain of 8.32%, a 4-week gain of 37.45%, and an overall year-to-date gain of 36.95%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.13%; +8.42% 1WK; +38.05% YTD), NGX Insurance Index (+2.82%; -4.1% 1WK; +35.35% YTD), NGX Banking Index (+1.19%; -1.63% 1WK; +13.89% YTD), NGX Consumer Goods Index (+0.71%; +5.29% 1WK; +30.33% YTD), NGX Pension Index (+0.47%; +1.76% 1WK; +23.66% YTD), and NGX Premium Index (+0.25%; +13% 1WK; +49.71% YTD).
