Equities investors gain N140.46bn as NGXASI rises 0.25%
Nigeria’s equities market closed on a bullish sentiment on March 20 , recovering losses from the previous session as buying interest in FIDSON (+10.00%), PZ (+9.81%), BERGER (+8.33%), MTNN (+4.06%), STANBIC (+3.64%), GTCO (+2.70%), ZENITH (+2.43%), OANDO (+1.85%), and 27 others, offset the losses in FBNH, NIDF, NNFM, and 18 others.
As such, the All-Share Index (ASI) was up 25 basis points to close at 98,247.99 points, following a 23 basis points loss on Thursday at 98,003.75 points. Investors gained N140.46bn, with market capitalisation advancing to N56.46trn, while the year-to-date return closed at 31.39%.
At the end of the last weekday of trading , a total of 554,221,558 shares in 8,670 deals, corresponding to a market value of NGN 10,120,583,301.45, were traded. Compared with the previous NGX trading day (Thursday, September 19), today’s data shows 21% improvement in volume, 55% improvement in turnover, but 12% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.5 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 35 gainers and 21 losers. Fidson Healthcare led the gainers with 10% share price appreciation closing at NGN 15.95 per share, followed by Meyer (+9.98%), Caverton Offshore Support Group (+9.82%) and PZ Cussons Nigeria (+9.81%). On the losing side, FBN Holdings came out last with an end-of-day price depreciation of 9.98% at NGN 27.50 per share, followed by Northern Nigeria Flour Mills (-9.96%), Nigeria Infrastructure Debt Fund (-9.93%) and Flour Mills Nigeria (-9.91%). FBN Holdings recorded the highest volume of 152 million traded shares, followed by Japaul Gold and Ventures (150m), Fidelity Bank (27.2m) and UAC of Nigeria (26m).
The NGX All-Share Index (ASI) climbed 244.24 (0.25%) points to close at 98,247.99, representing a 1-week gain of 1.26%, a 4-week gain of 2.64%, and an overall year-to-date gain of 31.39%.
