Equity investors gain N141.89bn as NGXASI appreciates by 0.26%
Nigeria’s equities market closed positive on Monday by 0.26% as the NGX-ASI increased to 97,863.34 from 97,612.51 recorded at the close of the previous trading day; indicating a YTD return of +30.88%
Market capitalization increased by N141.89 billion to N55.359 trillion from N55.218 trillion recorded at the close of the previous trading day, while the market turnover decreased to N5.940 billion from N15.743 billion.
At the end of the first weekday of trading , a total of 366,979,725 shares in 8,031 deals, corresponding to a market value of NGN 5,939,982,423.32, were traded.
Compared with the previous NGX trading day (Friday, May 24), today’s data shows 52% decline in volume, 62% decline in turnover, but 6% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.4 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 15 gainers and 25 losers. John Holt led the gainers with 9.6% share price appreciation closing at NGN 2.17 per share, followed by Fidelity Bank (+8.43%), Conoil (+8.36%) and Mutual Benefits Assurance (+7.69%).
On the losing side, Computer Warehouse Group came out last with an end-of-day price depreciation of 10% at NGN 5.40 per share, followed by Caverton Offshore Support Group (-10%), C&I Leasing (-9.01%) and FTN Cocoa Processors (-8.33%). Access Holdings recorded the highest volume of 176 million traded shares, followed by FBN Holdings (46.1m), United Bank for Africa (21.2m) and Fidelity Bank (17.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 250.83 (0.26%) points to close at 97,863.34, representing a 1-week loss of 0.32%, a 4-week loss of 0.3%, but an overall year-to-date gain of 30.88%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.29%; -0.41% 1WK; +29.77% YTD), NGX Banking Index (+2.45%; -3.62% 1WK; -16.26% YTD), NGX Pension Index (+1.14%; -1.18% 1WK; +6.74% YTD), NGX Oil & Gas Index (+1.02%; +1.75% 1WK; +14.9% YTD), NGX Premium Index (+0.49%; -0.29% 1WK; +33.6% YTD), and NGX Consumer Goods Index (+0.15%; +0.49% 1WK; +36.91% YTD).
