Equity investors gain N167.10bn as NGXASI advances by 0.30%
Nigeria’s equities market closed positive on Monday as the NGX-ASI increased to 99,966.28 from 99,671.28 recorded at the close of the previous trading day; indicating a YTD return of +31.55%.
Market capitalization also increased by N167.10 billion to N56,608 trillion from N56,440 trillion recorded at the close of the previous trading day, the market turnover increased to N7.367 billion from N6.820 billion.
At the end of the first weekday of trading, a total of 362,429,559 shares in 8,405 deals, corresponding to a market value of NGN 7,367,554,181.96, were traded. Compared with the previous NGX trading day (Friday, July 12), today’s data shows 14% decline in volume, 8% improvement in turnover, and 10% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.6 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 29 gainers and 16 losers. Cutix led the gainers with 9.96% share price appreciation closing at NGN 5.08 per share, followed by Ikeja Hotel (+9.45%), Royal Exchange (+8.96%) and Red Star Express (+8.15%).
On the losing side, Linkage Assurance came out last with an end-of-day price depreciation of 15.79% at NGN 0.96 per share, followed by Chellarams (-9.76%), Cornerstone Insurance Company (-7.58%) and Abbey Mortgage Bank (-7.04%). Guaranty Trust Holding recorded the highest volume of 66.9 million traded shares, followed by Access Holdings (44.5m), FCMB Group (26.7m) and Japaul Gold and Ventures (21.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 295.00 (0.3%) points to close at 99,966.28, representing a 1-week loss of 0.04%, a 4-week gain of 0.13%, and an overall year-to-date gain of 33.69%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.39%; -0.07% 1WK; +32.44% YTD), NGX Banking Index (+1.32%; -1.05% 1WK; -4.64% YTD), NGX Pension Index (+0.84%; -0.37% 1WK; +16.22% YTD), NGX Premium Index (+0.65%; +0.06% 1WK; +35.94% YTD), NGX Main Board Index (+0.08%; -0.11% 1WK; +35.72% YTD), and NGX Industrial Index (-0.02%; +0.02% 1WK; +73.57% YTD).
