Bullish trend halted as NGX-ASI declines by -0.19%,investors loss N61bn
The Nigeria’s Equities Market closed negative on Thursday trading session to halt the 3-day bullish streak.
The All-Share Index (ASI) traded -0.19% lower to close at 59,211.26 index points as against 59,323.95 index points recorded in the previous day’s trading session.
The market capitalization of equities posted a loss of N61 billion to close at N32.241 trillion, -0.19% lower than the N32.302 trillion recorded in the previous trading session.
At the end of today’s trading session, a total of 615,912,333 shares in 7,459 deals, corresponding to a market value of NGN 6,619,732,119.13, were traded. Compared with the previous NGX trading day (Wednesday, June 21), today’s data shows 4% decline in volume, 8% improvement in turnover, but 4% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 32.2 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 34 gainers and 32 losers. N.E.M. Insurance Company led the gainers with 10% share price appreciation closing at NGN 6.93 per share, followed by Cornerstone Insurance Company (+9.9%), Skyway Aviation Handling Co. (+9.74%) and Wapic Insurance (+9.3%).
On the losing side, Lasaco Assurance came out last with an end-of-day price depreciation of 10% at NGN 2.34 per share, followed by Sovereign Trust Insurance (-9.84%), Unity Bank (-9.63%) and Secure Electronic Technology (-9.52%). Wapic Insurance recorded the highest volume of 97.1 million traded shares, followed by United Bank for Africa (48.1m), Universal Insurance Company (43.4m) and Guaranty Trust Holding (34.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 112.69 (-0.19%) points to close at 59,211.26, representing a 1-week gain of 0.03%, a 4-week gain of 12.52%, and an overall year-to-date gain of 15.53%.
Other remarkable indices that performed were the NGX Top 50 Index (-0.05%; -0.08% 1WK; +26.57% YTD), NGX Top 30 Index (-0.24%; -5.89% 1WK; +16.22% YTD), NGX Insurance Index (+1.12%; -9.58% 1WK; +60.48% YTD), NGX Oil & Gas Index (+0.43%; -10.93% 1WK; +61.62% YTD), NGX Premium Index (+0.2%; -0.31% 1WK; +29.61% YTD), and NGX Pension Index (+0.12%; -9.06% 1WK; +37.35% YTD).