Bullish trend continues as NGX-ASI register 0.95% gain.
Trading activities in the Nigeria Equities Market closed positive on Wednesday as the NGX-ASI increased by 0.95% to close at 52,097.62 compared to 51,606.49 recorded at the close of the previous trading day; indicating a YTD return of +1.65%.
In Naira terms, the NGX Market CAP records N267.42bn gain.
At the end of today’s trading session, a total of 1,475,197,390 shares in 5,109 deals, corresponding to a market value of NGN 7,218,979,303.12, were traded. Compared with the previous NGX trading day (Tuesday, April 25), today’s data shows 172% improvement in volume, 43% improvement in turnover, but 20% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.4 trillion.
In the aggregate, 109 NGX listed equities participated in trading, ending with 39 gainers and eight losers. Livestock Feeds led the gainers with 10% share price appreciation closing at NGN 1.10 per share, followed by Academy Press (+10%), Cadbury Nigeria (+9.8%) and Honeywell Flour Mill (+9.8%).
On the losing side, Fidelity Bank came out last with an end-of-day price depreciation of 6.57% at NGN 5.26 per share, followed by Fidson Healthcare (-5.56%), Linkage Assurance (-4.35%) and AXA Mansard Insurance (-3.28%).
Transcorp Nigeria recorded the highest volume of 1.12 billion traded shares, followed by Aluminium Extrusion Industries (113m), Access Holdings (60.5m) and United Bank for Africa (27.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 491.13 (0.95%) points to close at 52,097.62, representing a 1-week gain of 1.91%, a 4-week loss of 5.15%, but an overall year-to-date gain of 1.65%.
remarkable indices that performed were the NGX Top 50 Index (+1.16%; +2.16% 1WK; +4.05% YTD), NGX Top 30 Index (+1.08%; +2.68% 1WK; +2.1% YTD), NGX Main Board Index (+1.42%; +2.04% 1WK; -0.33% YTD), NGX Insurance Index (+0.93%; +2.29% 1WK; +4.69% YTD), NGX Consumer Goods Index (+0.61%; +0.33% 1WK; +19.12% YTD), and NGX Pension Index (+0.47%; +3.18% 1WK; +5.61% YTD).
