Equities market ends the week bullish, appreciates by 1.41%
Nigeria’s equities market closed positive on Friday, as the NGX-ASI increased to 99,448.91 from 99,189.95 recorded at the close of the previous trading day; indicating a YTD return of +33.00%.
Market performance for the week increased by 1.41% to 99,448.91 from 98,070.47 recorded at the beginning of the week,while market capitalization increased by N156 billion to N60.260 trillion from N60.103 trillion recorded at the close of the previous trading day. While the market turnover decreased to N9.526 billion from N15.715 billion.
At the end of the last weekday of trading , a total of 460,859,151 shares in 8,772 deals, corresponding to a market value of NGN 9,526,373,975.77, were traded. Compared with the previous NGX trading day (Thursday, October 24), today’s data shows 15% improvement in volume, 39% decline in turnover, and 5% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 60.3 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 40 gainers and 14 losers. CAP led the gainers with 10% share price appreciation closing at NGN 38.50 per share, followed by Livestock Feeds (+10%), Eunisell Interlinked (+9.72%) and May & Baker Nigeria (+9.56%).
On the losing side, Daar Communications came out last with an end-of-day price depreciation of 9.86% at NGN 0.64 per share, followed by McNichols (-5.1%), FTN Cocoa Processors (-4.76%) and Fidelity Bank (-2.72%). Chams recorded the highest volume of 97.7 million traded shares, followed by United Bank for Africa (88.5m), Sterling Bank (32.3m) and Access Holdings (28.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 258.96 (0.26%) points to close at 99,448.91, representing a 1-week gain of 1.41%, a 4-week gain of 0.94%, and an overall year-to-date gain of 33%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.06%; +1.47% 1WK; +32.9% YTD), NGX Insurance Index (+1.42%; +4.04% 1WK; +39.78% YTD), NGX Banking Index (+0.76%; +7.86% 1WK; +11.37% YTD), NGX Main Board Index (+0.53%; +0.7% 1WK; +41.04% YTD), NGX Oil & Gas Index (+0.13%; +3.95% 1WK; +118.54% YTD), and NGX Consumer Goods Index (+0.11%; -0.84% 1WK; +39.07% YTD).