Equities Market continues on bullish trend as NGX-ASI appreciates by 0.58%.
Nigeria’s Equities Market closed positive on Thursday by 0.58% as the NGX-ASI increased to 104,100.00 from 103,498.28 recorded at the close of the previous trading day; indicating a YTD return of +39.22%.
Market capitalization increased by N329.25 billion to N56.961 trillion from N56.632 trillion recorded at the close of the previous trading day, While, the market turnover decreased to N6.913 billion from N12.106 billion.
At the end of today’s trading session , a total of 284,489,050 shares in 8,168 deals, corresponding to a market value of NGN 6,913,784,181.50, were traded. Compared with the previous NGX trading day (Wednesday, February 14), today’s data shows 33% decline in volume, 43% decline in turnover, and 6% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 57 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 24 gainers and 26 losers. University Press led the gainers with 9.96% share price appreciation closing at NGN 2.87 per share, followed by Juli (+9.84%), Mutual Benefits Assurance (+9.37%) and Daar Communications (+8.82%).
On the losing side, Unilever Nigeria came out last with an end-of-day price depreciation of 9.8% at NGN 16.10 per share, followed by Julius Berger Nigeria (-9.64%), Morison Industries (-9.6%) and May & Baker Nigeria (-6.52%). Guaranty Trust Holding recorded the highest volume of 56.6 million traded shares, followed by Transcorp Nigeria (33.2m), United Bank for Africa (18.4m) and Mutual Benefits Assurance (16.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 601.72 (0.58%) points to close at 104,100.00, representing a 1-week gain of 2.84%, a 4-week gain of 13.28%, and an overall year-to-date gain of 39.22%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.6%; +2.92% 1WK; +40.5% YTD), NGX Industrial Index (+1.95%; -1.81% 1WK; +96.57% YTD), NGX Main Board Index (+1.37%; +4.69% 1WK; +31.47% YTD), NGX Consumer Goods Index (+0.22%; +5.35% 1WK; +37.9% YTD), NGX Insurance Index (+0.18%; +6.15% 1WK; +32.24% YTD), and NGX Oil & Gas Index (+0%; +5.68% 1WK; +26.19% YTD).
