Equities investors lose N50.43bn as NGXASI dips by 0.09%
Nigeria’s equities market closed negative on Wednesday as the NGX-ASI decreased to 96,715.04 from 96,802.80 recorded at the close of the previous trading day; indicating a YTD return of +29.34%.
Market capitalization decreased by N50.43billion to N55.575 trillion from N55.626 trillion recorded at the close of the previous trading day. However, the market turnover decreased to N8.805 billion from N13.313 billion.
At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 600,041,327 shares in 9,544 deals, corresponding to a market value of NGN 8,803,321,319.69, were traded. Compared with the previous NGX trading day (Tuesday, September 10), today’s data shows 50% improvement in volume, 23% decline in turnover, and 22% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.6 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 31 gainers and 25 losers. Caverton Offshore Support Group led the gainers with 9.95% share price appreciation closing at NGN 2.10 per share, followed by Red Star Express (+9.69%), UPDC (+9.63%) and Berger Paints (+9.33%). On the losing side, Computer Warehouse Group came out last with an end-of-day price depreciation of 10% at NGN 5.40 per share, followed by Northern Nigeria Flour Mills (-9.94%), Academy Press (-9.93%) and Learn Africa (-9.92%). Jaiz Bank recorded the highest volume of 237 million traded shares, followed by United Bank for Africa (39.8m), Access Holdings (28.5m) and Oando (26.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 87.76 (-0.09%) points to close at 96,715.04, representing a 1-week gain of 0.18%, a 4-week loss of 0.5%, but an overall year-to-date gain of 29.34%. Other remarkable indices that performed were the NGX Top 30 Index (-0.19%; -0.06% 1WK; +28.3% YTD), NGX Oil & Gas Index (+1.73%; +2.76% 1WK; +86.39% YTD), NGX Banking Index (+0.64%; +0.56% 1WK; -3.79% YTD), NGX Consumer Goods Index (+0.27%; -0.61% 1WK; +38.35% YTD), NGX Premium Index (+0.25%; +1.47% 1WK; +21.52% YTD), and NGX Pension Index (+0.1%; +0.35% 1WK; +16.86% YTD).
