Equities market continues on bullish trend as NGX-ASI increases by 0.13%
Nigeria’s equities market closed positive on Tuesday as the NGX-ASI increased to 100,050.94 from 99,922.63 recorded at the close of the previous trading day, indicating a YTD return of +33.80%.
Market capitalization increased by N76.69 million to N60.650 trillion from N60.573 trillion recorded at the previous trading day’s close. Similarly, the market turnover increased from N22.513 billion to N16.68 billion.
At the end of today’s trading session , a total of 477,880,829 shares in 9,578 deals, corresponding to a market value of NGN 21,392,835,139.71, were traded. Compared with the previous NGX trading day (Monday, December 16), today’s data shows 35% decline in volume, 27% improvement in turnover, but 8% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 60.7 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 25 gainers and 26 losers. MRS Oil Nigeria led the gainers with 10% share price appreciation closing at NGN 145.20 per share, followed by Wapic Insurance (+10%), Caverton Offshore Support Group (+9.68%) and Lasaco Assurance (+9.41%). On the losing side, Cutix came out last with an end-of-day price depreciation of 10% at NGN 2.25 per share, followed by Tantalizers (-9.73%), Daar Communications (-7.02%) and Oando (-6.1%). E-Tranzact International recorded the highest volume of 70.2 million traded shares, followed by Transcorp Hotels (70m), Oando (26.4m) and Veritas Kapital Assurance (21.3m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 128.31 (0.13%) points to close at 100,050.94, representing a 1-week gain of 1.88%, a 4-week gain of 2.12%, and an overall year-to-date gain of 33.8%. Other remarkable indices that performed were the NGX Top 30 Index (-0%; -0.09% 1WK; +32.85% YTD), NGX Insurance Index (+1.56%; +5.37% 1WK; +77.91% YTD), NGX Main Board Index (+0.26%; +2.68% 1WK; +40.28% YTD), NGX Banking Index (+0.19%; +0.6% 1WK; +15.86% YTD), NGX Oil & Gas Index (+0.06%; +5.44% 1WK; +157.64% YTD), and NGX Industrial Index (-0.02%; +0.84% 1WK; +32.59% YTD).
