Equities Market gains traction as NGX-ASI advances by 0.32%
Nigeria’s Equities Market closed positive on Tuesday by 0.37% as the NGX-ASI increased to 70,876.35 from 70,612.81 recorded at the close of the previous trading day; indicating a YTD return of +38.29%.
Market capitalization increased by N165.1 billion to N38.96 trillion from N38.795 trillion recorded at the close of the previous trading day, while the market turnover decreased to N3.37 billion from N7.75 billion.
At the end of today’s trading session, a total of 327,426,214 shares in 6,533 deals, corresponding to a market value of NGN 3,368,813,682.85, were traded.
Compared with the previous NGX trading day (Monday, November 13), today’s data shows 31% decline in volume, 57% decline in turnover, and 14% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 38.9 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 35 gainers and 17 losers. Northern Nigeria Flour Mills led the gainers with 10% share price appreciation closing at NGN 19.80 per share, followed by MeCure Industries (+9.98%), C&I Leasing (+9.97%) and LivingTrust Mortgage Bank (+9.96%).
On the losing side, Red Star Express came out last with an end-of-day price depreciation of 9.76% at NGN 2.96 per share, followed by FTN Cocoa Processors (-9.29%), Mutual Benefits Assurance (-5.77%) and Caverton Offshore Support Group (-4.83%).
Japaul Gold and Ventures recorded the highest volume of 44.7 million traded shares, followed by Fidelity Bank (36.4m), United Bank for Africa (26.7m) and Oando (21.3m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 227.91 (0.32%) points to close at 70,840.72, representing a 1-week gain of 0.32%, a 4-week gain of 5.22%, and an overall year-to-date gain of 38.22%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.3%; +0.72% 1WK; +45.7% YTD), NGX Top 30 Index (+0.27%; +0.19% 1WK; +41.18% YTD), NGX Industrial Index (+1.39%; -1.1% 1WK; +16.21% YTD), NGX Banking Index (+0.69%; +1.59% 1WK; +76.36% YTD), NGX Main Board Index (+0.46%; -0.25% 1WK; +43.15% YTD), and NGX Pension Index (+0.4%; +0.27% 1WK; +68.23% YTD).
