Equities Market bullish as investors gain N365bn in portfolio value,NGX-ASI appreciates by 0.57%
Nigerian Equities market closed Positive on Wednesday as the NGX-ASI increased to 104,597.64 from 103,958.75 recorded at the close of the previous trading day, indicating a YTD return of 1.58%.
Market capitalization increased by ₦394 billion to ₦64.550 trillion from ₦64.156 trillion recorded at the previous trading day’s close. The market turnover also increased to ₦14.785 billion from ₦13.636 billion.
At the end of today’s trading session, a total of 417,617,585 shares in 16,253 deals, corresponding to a market value of NGN 13,477,783,226.26, were traded. Compared with the previous NGX trading day (Tuesday, January 28), today’s data shows 23% decline in volume, 1% decline in turnover, but 4% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 64.5 trillion.
In the aggregate, 125 NGX listed equities participated in trading, ending with 26 gainers and 38 losers. Aradel Holdings led the gainers with 10% share price appreciation closing at NGN 594.00 per share, followed by Chellarams (+9.98%), Stanbic IBTC Holdings (+9.92%) and University Press (+9.64%). On the losing side, Caverton Offshore Support Group came out last with an end-of-day price depreciation of 10% at NGN 2.07 per share, followed by McNichols (-10%), Thomas Wyatt Nigeria (-9.8%) and Veritas Kapital Assurance (-9.79%). Universal Insurance Company recorded the highest volume of 33.6 million traded shares, followed by Fidelity Bank (31.9m), FCMB Group (23.1m) and Japaul Gold and Ventures (20.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 590.99 (0.57%) points to close at 104,549.74, representing a 1-week gain of 1.67%, a 4-week gain of 1.58%, and an overall year-to-date gain of 1.58%. Other remarkable indices that performed were the NGX Top 30 Index (+0.22%; +1.5% 1WK; +1.52% YTD), NGX Oil & Gas Index (+3.34%; +3.13% 1WK; +0.86% YTD), NGX Main Board Index (+0.86%; +2.07% 1WK; +2.56% YTD), NGX Consumer Goods Index (+0.81%; +2.17% 1WK; +2.74% YTD), NGX Pension Index (+0.79%; +3.51% 1WK; +6.27% YTD), and NGX Banking Index (+0.75%; +7.38% 1WK; +11.56% YTD).
