Equities investors lose N130.54bn with the NGXASI declines by 0. 23 %
Nigeria’s equities market closed negative on Thursday , as the NGX-ASI decreased to 98,003.75 from 98,230.92 recorded at the close of the previous trading day; indicating a YTD return of +31.07%.
Market capitalization decreased by N130.54 billion to N56.316 trillion from N56.446 trillion recorded at the close of the previous trading day. However, the market turnover increased to N11.359 billion from N7.566 billion.
At the end of today’s trading session, a total of 456,983,315 shares in 9,848 deals, corresponding to a market value of NGN 6,527,187,015.83, were traded. Compared with the previous NGX trading day (Wednesday, September 18), today’s data shows 26% improvement in volume, 14% decline in turnover, but 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.3 trillion.
In the aggregate, 119 NGX listed equities participated in trading, ending with 25 gainers and 27 losers. McNichols led the gainers with 10% share price appreciation closing at NGN 1.65 per share, followed by Associated Bus Company (+10%), University Press (+9.95%) and Fidson Healthcare (+9.85%).
On the losing side, Honeywell Flour Mill came out last with an end-of-day price depreciation of 9.98% at NGN 4.87 per share, followed by FBN Holdings (-9.88%), UPDC (-9.74%) and Secure Electronic Technology (-8.82%). Japaul Gold and Ventures recorded the highest volume of 107 million traded shares, followed by UAC of Nigeria (57.9m), Fidelity Bank (48.7m) and Honeywell Flour Mill (26.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 227.17 (-0.23%) points to close at 98,003.75, representing a 1-week gain of 1.33%, a 4-week gain of 2.27%, and an overall year-to-date gain of 31.07%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.12%; +1.71% 1WK; +30.5% YTD), NGX Main Board Index (+0.74%; +1.23% 1WK; +39.38% YTD), NGX Pension Index (+0.05%; +3.56% 1WK; +21.03% YTD), NGX Industrial Index (-0.06%; +0.05% 1WK; +41.91% YTD), NGX Oil & Gas Index (-0.13%; -1.26% 1WK; +84.04% YTD), and NGX Consumer Goods Index (-0.26%; +1.41% 1WK; +40.3% YTD
