Equities market begins the week bullish as NGX-ASI advances by 0.23%
Nigeria’s equities market closed positive on Tuesday, as the NGX-ASI increased to 97,685.64 from 97,456.62 recorded at the close of the previous trading day; indicating a YTD return of +28.55%.
The market breadth was positive at 1.08X as 26 stocks advanced and 24 stocks declined, while 67 stocks remained unchanged. Flourmill topped the gainers’ list with 10.00%, while Eterna declined by 10.00% to lead the losers’ chart.
At the end of today’s trading session , a total of 471,302,919 shares in 12,066 deals, corresponding to a market value of NGN 9,397,931,742.68, were traded.
Compared with the previous NGX trading day (Friday, September 13), today’s data shows 14% improvement in volume, 45% improvement in turnover, and 37% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.1 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 26 gainers and 26 losers. Flour Mills Nigeria led the gainers with 10% share price appreciation closing at NGN 59.95 per share, followed by FBN Holdings (+10%), Vitafoam Nigeria (+9.94%) and Caverton Offshore Support Group (+9.84%).
On the losing side, Eterna came out last with an end-of-day price depreciation of 10% at NGN 27.90 per share, followed by Oando (-9.94%), Abbey Mortgage Bank (-9.88%) and Tantalizers (-9.86%). Japaul Gold and Ventures recorded the highest volume of 72.3 million traded shares, followed by Transcorp Nigeria (51.8m), FBN Holdings (46.8m) and United Bank for Africa (45.6m).
