Equities investors lose N188bn as NGX-ASI decreases by 0.34%
Nigeria’s Equities market closed negative on Thursday as the NGX-ASI decreased to 96,210.20 from 96,537.48 recorded at the close of the previous trading day; indicating a YTD return of +28.67%.
Market capitalization decreased by N188 billion to 55,265.70 trillion from N55.453 trillion recorded at the close of the previous trading day. However, the market turnover increased to N9.565 billion from N8.178 billion.
At the end of today’s trading session , a total of 388,616,945 shares in 9,897 deals, corresponding to a market value of NGN 9,565,141,073.18, were traded. Compared with the previous NGX trading day (Wednesday, September 4), today’s data shows 17% improvement in turnover but 18% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.3 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 20 gainers and 29 losers. Berger Paints led the gainers with 10% share price appreciation closing at NGN 17.05 per share, followed by Meyer (+10%), McNichols (+10%) and Tantalizers (+7.81%).
On the losing side, RT Briscoe came out last with an end-of-day price depreciation of 10% at NGN 2.34 per share, followed by FTN Cocoa Processors (-9.8%), Oando (-9.65%) and Deap Capital Management & Trust (-9.57%). Zenith Bank recorded the highest volume of 56.6 million traded shares, followed by Oando (43m), Guaranty Trust Holding (28.5m) and FTN Cocoa Processors (25.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 327.28 (-0.34%) points to close at 96,210.20, representing a 1-week loss of 0.21%, a 4-week loss of 1.94%, but an overall year-to-date gain of 28.67%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.17%; -0.33% 1WK; +28.17% YTD), NGX Insurance Index (+0.1%; -4.07% 1WK; +27.2% YTD), NGX Oil & Gas Index (+0.06%; +4.27% 1WK; +81.5% YTD), NGX Industrial Index (-0.01%; +0.04% 1WK; +42.11% YTD), NGX Premium Index (-0.17%; -0.38% 1WK; +19.56% YTD), and NGX Consumer Goods Index (-0.39%; -1.53% 1WK; +38.66% YTD).
