Equities Market continues on bullish run as NGX-ASI advanced by 0.23%
Nigeria’s Equities Market closed positive on Wednesday by 0.23% as the NGX-ASI increased to70,773.31 from 70,613.60 recorded at the close of the previous trading day; indicating a YTD return of +38.09%.
Market capitalization increased today by N87.80 billion to N38.88 trillion from N38.80 trillion recorded at the close of the previous trading day, while the market turnover increased to N9.79 billion from N5.44 billion.
At the end of today’s trading session on, a total of 558,344,682 shares in 6,401 deals, corresponding to a market value of NGN 9,794,182,853.29, were traded.
Compared with the previous NGX trading day (Tuesday, November 7), today’s data shows 24% improvement in volume, 80% improvement in turnover, but 10% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 38.9 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 28 gainers and 24 losers.
Japaul Gold and Ventures led the gainers with 9.87% share price appreciation closing at NGN 1.67 per share, followed by MeCure Industries (+9.8%), Prestige Assurance Company (+9.76%) and Cornerstone Insurance Company (+9.72%).
On the losing side, Caverton Offshore Support Group came out last with an end-of-day price depreciation of 9.87% at NGN 1.37 per share, followed by Meyer (-9.85%), SCOA Nigeria (-9.6%) and Thomas Wyatt Nigeria (-8.6%).
FBN Holdings recorded the highest volume of 210 million traded shares, followed by United Bank for Africa (53.7m), Universal Insurance Company (43.7m) and Fidelity Bank (22.3m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 159.71 (0.23%) points to close at 70,773.31, representing a 1-week gain of 0.27%, a 4-week gain of 5.47%, and an overall year-to-date gain of 38.09%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.21%; +0.22% 1WK; +41.22% YTD), NGX Top 50 Index (-0.02%; -0.39% 1WK; +44.63% YTD), NGX Insurance Index (+2.67%; +1.88% 1WK; +68.76% YTD), NGX Industrial Index (+0.87%; +0.4% 1WK; +18.52% YTD), NGX Main Board Index (+0.27%; +1.52% 1WK; +43.9% YTD), and NGX Banking Index (+0.26%; -0.76% 1WK; +74.06% YTD).
