L – R shows Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX); Kamarudeen Oladosun, Director, NGX; Sam Onukwue, Chairman, Association of Securities Dealing Houses of Nigerian (ASHON) and Dr. Umaru Kwairanga, Group Chairman, NGX Group during a Closing Gong Ceremony to commemorate the return to full physical trading and to recognize the remarkable contribution of the Association to a dynamic, responsive and vibrant capital market and the return to physical trading on Monday, 08 May 2023 in Lagos
Equities Market gains N62.19bn as NGX-ASI increases by 0.22%
Nigerian Equities Market closed positive as the key market indicator advanced by 114.21 bps amid positive market breadth.
The NGX All-Share Index declined by 0.22% to close at 52,579.52 basis points as against the 0.33% loss recorded previously to close at 52,465.31 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records N62.19bn gain.
At the end of the first weekday of trading, a total of 511,384,065 shares in 5,883 deals, corresponding to a market value of NGN 7,139,101,767.48, were traded.
Compared with the previous NGX trading day (Friday, May 5), today’s data shows 6% improvement in volume, 27% improvement in turnover, and 11% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.6 trillion.
In the aggregate, 112 NGX listed equities participated in trading, ending with 29 gainers and 17 losers. Multiverse Mining & Exploration led the gainers with 10% share price appreciation closing at NGN 3.41 per share, followed by Red Star Express (+9.96%), Computer Warehouse Group (+9.85%) and McNichols (+9.23%).
On the losing side, C&I Leasing came out last with an end-of-day price depreciation of 9.8% at NGN 3.59 per share, followed by Transcorp Nigeria (-7.73%), FTN Cocoa Processors (-6.9%) and Chams (-6.45%). Access Holdings recorded the highest volume of 168 million traded shares, followed by FBN Holdings (91.3m), United Bank for Africa (78.1m) and Transcorp Nigeria (29.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 114.21 (0.22%) points to close at 52,579.52, representing a 1-week gain of 0.34%, a 4-week loss of 2.96%, but an overall year-to-date gain of 2.59%.
Other remarkable indices that performed were the NGX Top 50 Index (+1.15%; +0.87% 1WK; +4.85% YTD), NGX Top 30 Index (+0.05%; -0.27% 1WK; +2.34% YTD), NGX Insurance Index (+0.81%; +3.91% 1WK; +9.88% YTD), NGX Pension Index (+0.65%; +3.56% 1WK; +9.26% YTD), NGX Banking Index (+0.62%; +5.87% 1WK; +11.09% YTD), and NGX Consumer Goods Index (+0.56%; +0.58% 1WK; +25.73% YTD)
