Equities Market gains N901.78bn as NGX-ASI appreciates by 1.63%
Nigeria’s Equities Market closed positive on Thursday by 1.63% as the NGX-ASI increased to 102,802.25 from 101,154.46 recorded at the close of the previous trading day; indicating a YTD return of +37.48%.
Market capitalization increased by 902 Billion to N56.259 trillion from N55.358 trillion recorded at the close of the previous trading day, While, the market turnover decreased to N12.155 billion from N22.201 billion.
At the end of today’s trading session , a total of 861,005,481 shares in 12,851 deals, corresponding to a market value of NGN 12,155,197,379.77, were traded. Compared with the previous NGX trading day (Wednesday, January 31), today’s data shows 15% improvement in volume, 46% decline in turnover, and 10% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.3 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 53 gainers and 18 losers. Guaranty Trust Holding led the gainers with 10% share price appreciation closing at NGN 40.70 per share, followed by Chams (+10%), Caverton Offshore Support Group (+10%) and Veritas Kapital Assurance (+10%).
On the losing side, Deap Capital Management & Trust came out last with an end-of-day price depreciation of 9.88% at NGN 0.73 per share, followed by Computer Warehouse Group (-9.87%), RT Briscoe (-9.86%) and University Press (-9.76%). Universal Insurance Company recorded the highest volume of 114 million traded shares, followed by Transcorp Nigeria (91m), Zenith Bank (74.3m) and United Bank for Africa (69.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 1,647.79 (1.63%) points to close at 102,802.25, representing a 1-week gain of 0.64%, a 4-week gain of 31.76%, and an overall year-to-date gain of 37.48%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.63%; +0.57% 1WK; +38.65% YTD), NGX Banking Index (+7.82%; -7.43% 1WK; +4.18% YTD), NGX Consumer Goods Index (+4.37%; +0.27% 1WK; +29.76% YTD), NGX Pension Index (+4.1%; -4.48% 1WK; +17.56% YTD), NGX Insurance Index (+2.18%; -5.56% 1WK; +24.32% YTD), and NGX Main Board Index (+2.04%; +0.26% 1WK; +28.34% YTD).
