Bullish trend continues as investors gain N555bn
NGX-ASI increased by 1.65%
Nigeria’s Equities Market closed positive on Friday as the NGX-ASI increased by 1.65% to close at 63,040.87 compared to 62,019.88 recorded at the close of the previous trading day; indicating a YTD return of +23.00%.
Market capitalization increased by N555.94 billion to N34.3263 trillion from N33.7704 trillion recorded at the close of the previous trading day, while the market turnover increased to N13.85 billion from N95.01 billion recorded at the close of the previous trading day.
At the end of the last weekday of trading, a total of 1,227,686,077 shares in 10,393 deals, corresponding to a market value of NGN 13,847,537,264.39, were traded. Compared with the previous NGX trading day (Thursday, July 6), today’s data shows 77% decline in volume, 85% decline in turnover, but 4% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 34.3 trillion.
In the aggregate, 128 NGX listed equities participated in trading, ending with 66 gainers and 15 losers. Presco led the gainers with 10% share price appreciation closing at NGN 220.00 per share, followed by FTN Cocoa Processors (+10%), Omatek Ventures (+10%) and Afromedia (+10%).
On the losing side, Multiverse Mining & Exploration came out last with an end-of-day price depreciation of 9.87% at NGN 3.38 per share, followed by RT Briscoe (-9.59%), Courteville Business Solutions (-8.22%) and Wapic Insurance (-7.58%). FBN Holdings recorded the highest volume of 132 million traded shares, followed by Wema Bank (121m), FCMB Group (111m) and Universal Insurance Company (102m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 1,020.53 (1.65%) points to close at 63,040.41, representing a 1-week gain of 3.4%, a 4-week gain of 12.49%, and an overall year-to-date gain of 23%.
Other remarkable indices that performed were the NGX Top 50 Index (+3.33%; +6.88% 1WK; +39.37% YTD), NGX Top 30 Index (+1.9%; +3.95% 1WK; +24.19% YTD), NGX Insurance Index (+4.89%; +0.73% 1WK; +60.07% YTD), NGX Banking Index (+3.33%; +9.82% 1WK; +69.77% YTD), NGX Pension Index (+2.36%; +4.36% 1WK; +50.31% YTD), and NGX Premium Index (+2%; +4.01% 1WK; +37.99% YTD).
