Equity investors gain N577.72bn as NGXASI appreciates by 1.05%
Nigeria’s equities market closed positive on Thursday as the NGX-ASI increased to 98,116.27 from 97,098.98 recorded at the close of the previous trading day; indicating a YTD return of +31.22%.
Market capitalization also increased by N577.72 billion to N55.707 trillion from N55.130 trillion recorded at the close of the previous trading day. The market turnover also increased to N15.126 billion from N12.769 billion.
At the end of today’s trading session, a total of 604,290,802 shares in 9,058 deals, corresponding to a market value of NGN 13,813,765,193.27, were traded. Compared with the previous NGX trading day (Wednesday, August 7), today’s data shows 5% decline in volume, 8% improvement in turnover, but 7% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.7 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 33 gainers and 20 losers. MTN Nigeria led the gainers with 10% share price appreciation closing at NGN 198.00 per share, followed by Vitafoam Nigeria (+10%), Unilever Nigeria (+10%) and Okomu Oil Palm (+9.99%).
On the losing side, United Capital came out last with an end-of-day price depreciation of 9.94% at NGN 14.50 per share, followed by Abbey Mortgage Bank (-8.05%), Sterling Bank (-5.66%) and Ikeja Hotel (-5.56%). Access Holdings recorded the highest volume of 116 million traded shares, followed by Guaranty Trust Holding (110m), Abbey Mortgage Bank (50.7m) and United Bank for Africa (44.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 1,017.29 (1.05%) points to close at 98,116.27, representing a 1-week gain of 0.78%, a 4-week loss of 1.36%, but an overall year-to-date gain of 31.22%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.17%; +0.64% 1WK; +29.76% YTD), NGX Premium Index (+2.28%; +2.03% 1WK; +27.76% YTD), NGX Pension Index (+1.84%; +3.11% 1WK; +15.29% YTD), NGX Banking Index (+1.72%; +4.5% 1WK; -6.27% YTD), NGX Insurance Index (+1.38%; +3.48% 1WK; +22.19% YTD), and NGX Consumer Goods Index (+0.54%; +1.75% 1WK; +36.27% YTD).
