Equities investors gain N178.21bn as NGX-ASI appreciates by 0.32%
Trading activities in the Nigerian Equities market closed Positive on Thursday, as the NGX-ASI increased to 97,025.17 from 96,715.04 recorded at the close of the previous trading day; indicating a YTD return of +29.76%.
Market capitalization increased by N178.21 billion to N55.753 trillion from N55.575 trillion recorded at the close of the previous trading day. However, the market turnover decreased to N7.974 billion from N8.805 billion.
At the end of today’s trading session , a total of 390,546,861 shares in 9,615 deals, corresponding to a market value of NGN 7,974,123,891.00, were traded. Compared with the previous NGX trading day (Wednesday, September 11), today’s data shows 35% decline in volume and 9% decline in turnover. The current market capitalization of the Nigerian Stock Exchange is NGN 55.8 trillion.
In the aggregate, 119 NGX listed equities participated in trading, ending with 27 gainers and 22 losers. FBN Holdings led the gainers with 10% share price appreciation closing at NGN 26.40 per share, followed by Caverton Offshore Support Group (+10%), Flour Mills Nigeria (+9.99%) and RT Briscoe (+9.93%). On the losing side, Daar Communications came out last with an end-of-day price depreciation of 8.86% at NGN 0.72 per share, followed by Eterna (-8.14%), Universal Insurance Company (-7.69%) and Sovereign Trust Insurance (-5.97%). Access Holdings recorded the highest volume of 80 million traded shares, followed by FBN Holdings (52m), United Bank for Africa (31.1m) and Caverton Offshore Support Group (23.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 310.13 (0.32%) points to close at 97,025.17, representing a 1-week gain of 0.85%, a 4-week loss of 0.08%, but an overall year-to-date gain of 29.76%. Other remarkable indices that performed were the NGX Top 30 Index (+0.36%; +0.46% 1WK; +28.76% YTD), NGX Banking Index (+1.52%; +2.92% 1WK; -2.33% YTD), NGX Pension Index (+0.76%; +1.55% 1WK; +17.75% YTD), NGX Consumer Goods Index (+0.55%; +0.33% 1WK; +39.11% YTD), NGX Premium Index (+0.48%; +2.13% 1WK; +22.11% YTD), and NGX Main Board Index (+0.23%; +0.17% 1WK; +37.99% YTD)
