Left – Right shows John Okonkwo, Executive Director, VFD Group; Nonso Okpala, Group Managing Director/CEO; Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX); Olatunde Busari, SAN; Chairman VFD Group; Alhaji Dr. Umaru Kwairanga, Chairman NGX Group; Jude Chiemeka, Divisional Head, Capital Markets, NGX; Ojinika Nkechinyelo Olaghere, Director, NGX Group and Folajimi Adeleye, Executive Director, VFD Group during the Facts Behind the Figures presentation at NGX on Friday, October 6, 2023 in Lagos
Equities Market closes bearish as NGX-ASI dips by 0.17%
Nigeria’s Equities Market closed negative on Friday by 0.17% as the NGX-ASI decreased to 66,454.57 from 66,570.19 recorded at the close of the previous trading day; indicating a YTD return of +29.66%.
The market performance for the week ended Friday, October 06, 2023 increased by 0.11% to 66,454.57 from 66,382.14 recorded at the beginning of the week.
Market capitalization decreased by N16.98 billion to N36.51 trillion from N36.527 trillion recorded at the close of the previous trading day, while the market turnover increased to N8.93 billion from N4.73 billion.
At the end of the last weekday of trading, a total of 374,093,983 shares in 6,822 deals, corresponding to a market value of NGN 8,933,714,056.87, were traded.
Compared with the previous NGX trading day (Thursday, October 5), today’s data shows 5% improvement in volume, 138% improvement in turnover, but 2% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 36.5 trillion.
In the aggregate, 118 NGX listed equities participated in trading, ending with 19 gainers and 26 losers.
Omatek Ventures led the gainers with 10% share price appreciation closing at NGN 0.44 per share, followed by Airtel Africa (+8.53%), Caverton Offshore Support Group (+5.84%) and Linkage Assurance (+4.17%).
On the losing side, Oando came out last with an end-of-day price depreciation of 9.55% at NGN 9.00 per share, followed by SCOA Nigeria (-9.52%), N.E.M. Insurance Company (-9.09%) and Consolidated Hallmark Insurance (-8.93%). United Bank for Africa recorded the highest volume of 52.4 million traded shares, followed by Fidelity Bank (49.7m), BUA Cement (45.1m) and Access Holdings (29.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 115.62 (-0.17%) points to close at 66,454.57, representing a 1-week gain of 0.01%, a 4-week loss of 2.68%, but an overall year-to-date gain of 29.66%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.16%; +32.64% YTD), NGX Top 50 Index (-1.79%; -0.47% 1WK; +41.75% YTD), NGX Main Board Index (+2.04%; +3% 1WK; +31.73% YTD), NGX Banking Index (+0.71%; +2.86% 1WK; +61.86% YTD), NGX Pension Index (+0.16%; +0.47% 1WK; +60.18% YTD), and NGX Oil & Gas Index (+0%; +97.63% YTD).
