Equities investors lose N34.47bn as NGX-ASI depreciates by 0.09%
Nigeria’s Equities Market closed negative on Wednesday by 0.09% as the NGX-ASI decreased to 71,003.98 from 71,066.55 recorded at the close of the previous trading day; indicating a YTD return of +38.54%.
Market capitalization decreased by N34.46 billion to N39.047 trillion from N39.082 trillion recorded at the close of the previous trading day, while the market turnover increased to N7.37 billion from N3.22 billion.
At the end of today’s trading session, a total of 428,443,260 shares in 6,677 deals, corresponding to a market value of NGN 7,373,014,568.78, were traded.
Compared with the previous NGX trading day (Tuesday, November 21), today’s data shows 13% decline in volume, 129% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 39.1 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 36 gainers and 15 losers. Unity Bank led the gainers with 10% share price appreciation closing at NGN 1.54 per share, followed by RT Briscoe (+10%), Daar Communications (+10%) and MeCure Industries (+9.96%).
On the losing side, C&I Leasing came out last with an end-of-day price depreciation of 7.56% at NGN 5.26 per share, followed by Prestige Assurance Company (-7.55%), International Breweries (-5.56%) and UPDC Real Estate Investment Trust (-4.6%). Veritas Kapital Assurance recorded the highest volume of 62.1 million traded shares, followed by Unity Bank (38.7m), Guaranty Trust Holding (33.9m) and United Bank for Africa (19.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 62.66 (-0.09%) points to close at 71,003.98, representing a 1-week loss of 0.01%, a 4-week gain of 5.65%, and an overall year-to-date gain of 38.54%.
Other remarkable indices that performed were the NGX Top 50 Index (-0.01%; -0.49% 1WK; +45.17% YTD), NGX Top 30 Index (-0.14%; -0.12% 1WK; +41.26% YTD), NGX Insurance Index (+0.75%; +5.03% 1WK; +74.18% YTD), NGX Banking Index (+0.19%; -0.06% 1WK; +74.91% YTD), NGX Main Board Index (+0.1%; +0.03% 1WK; +43.84% YTD), and NGX Oil & Gas Index (+0%; +3.52% 1WK; +113.67% YTD).
