Equities market continues on positive sentiment as NGX-ASI appreciates by 0.77%
Nigeria’s equities market closed positive on Thursday as the NGX-ASI increased to 101,248.02 from 100,477.46 recorded at the close of the previous trading day, indicating a YTD return of +35.41%.
Market capitalization increased by N467 billion to N61.248 billion from N60.908 trillion recorded at the previous trading day’s close. Similarly, the market turnover increased to N26.303 billion from N9.199 billion.
At the end of today’s trading session, a total of 400,443,918 shares in 10,255 deals, corresponding to a market value of NGN 17,055,653,638.29, were traded.
Compared with the previous NGX trading day (Wednesday, December 18), today’s data shows 3% improvement in volume, 85% improvement in turnover, and 7% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 61.4 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 47 gainers and 17 losers. Aradel Holdings led the gainers with 10% share price appreciation closing at NGN 730.40 per share, followed by UAC of Nigeria (+10%), Honeywell Flour Mill (+10%) and MRS Oil Nigeria (+9.96%).
On the losing side, Tantalizers came out last with an end-of-day price depreciation of 9.77% at NGN 1.57 per share, followed by Multiverse Mining & Exploration (-9.73%), John Holt (-9.68%) and Caverton Offshore Support Group (-7.76%). Universal Insurance Company recorded the highest volume of 38.2 million traded shares, followed by Aiico Insurance (21m), Guaranty Trust Holding (20.4m) and United Bank for Africa (18.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 770.56 (0.77%) points to close at 101,248.02, representing a 1-week gain of 2.52%, a 4-week gain of 3.32%, and an overall year-to-date gain of 35.41%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.24%; +0.44% 1WK; +33.33% YTD), NGX Insurance Index (+3.79%; +9.34% 1WK; +90.49% YTD), NGX Main Board Index (+1.08%; +3.7% 1WK; +42.67% YTD), NGX Banking Index (+0.73%; +2.18% 1WK; +17.5% YTD), NGX Consumer Goods Index (+0.69%; +2.33% 1WK; +46.07% YTD), and NGX Pension Index (+0.62%; +1.17% 1WK; +35.07% YTD).
