Equities Market gains N37.08bn as NGX-ASI increases by 0.10%
Nigeria’s Equities Market closed positive on Friday by 0.10% as the NGX-ASI increased to 67,200.69 from 67,133.19 recorded at the close of the previous trading day; indicating a YTD return of +31.12%. The market performance for the week ended Friday, October 13, 2023, increased by 1.12% to 67,200.69 from 66,454.57 recorded at the beginning of the week.
Market capitalization increased by N37.08 billion to N36.919 trillion from N36.883 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.1 billion from N4.5 billion.
At the end of the last weekday of trading, a total of 224,072,618 shares in 5,049 deals, corresponding to a market value of NGN 4,164,752,304.72, were traded. Compared with the previous NGX trading day (Thursday, October 12), today’s data shows 28% decline in volume, 8% decline in turnover, and 10% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 36.9 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 16 gainers and 12 losers. University Press led the gainers with 9.77% share price appreciation closing at NGN 2.36 per share, followed by Ellah Lakes (+9.57%), Consolidated Hallmark Insurance (+9.52%) and John Holt (+9.03%).
On the losing side, Daar Communications came out last with an end-of-day price depreciation of 8.7% at NGN 0.21 per share, followed by FTN Cocoa Processors (-4.65%), Caverton Offshore Support Group (-3.38%) and Courteville Business Solutions (-3.23%).
United Bank for Africa recorded the highest volume of 48.2 million traded shares, followed by Guaranty Trust Holding (33.2m), Access Holdings (23.5m) and Zenith Bank (13m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 67.50 (0.10%) points to close at 67,200.69, representing a 1-week gain of 1.12%, a 4-week loss of 0.26%, but an overall year-to-date gain of 31.12%. Other remarkable indices that performed were the NGX Top 50 Index (+0.25%; -0.14% 1WK; +41.54% YTD), NGX Top 30 Index (-0%; +1.09% 1WK; +34.09% YTD), NGX Insurance Index (+0.67%; +0.92% 1WK; +58.72% YTD), NGX Consumer Goods Index (+0.64%; +1.39% 1WK; +95.28% YTD), NGX Main Board Index (+0.16%; +1.89% 1WK; +34.22% YTD), and NGX Banking Index (+0.1%; -0.78% 1WK; +60.59% YTD).
