Equities Market gains traction as NGX-ASI appreciates by 1.62%
Nigeria’s Equities Market closed positive on Thursday by 1.62% as the NGX-ASI increased to 65,204.82 from 64,167.39 recorded at the close of the previous trading day; indicating a YTD return of +27.23%.
Market capitalization increased by N564.84 billion to N35.484 trillion from N34.918 trillion recorded at the close of the previous trading day, while the market turnover increased to N5.74 billion from N2.62 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 361,197,264 shares in 5,531 deals, corresponding to a market value of NGN 5,743,635,205.65, were traded. Compared with the previous NGX trading day (Wednesday, August 9), today’s data shows 52% improvement in volume, 119% improvement in turnover, but 8% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 35.5 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 23 gainers and 17 losers. Chellarams led the gainers with 10% share price appreciation closing at NGN 4.40 per share, followed by SCOA Nigeria (+9.35%), Dangote Cement (+9.34%) and Thomas Wyatt Nigeria (+9.32%).
On the losing side, CAP came out last with an end-of-day price depreciation of 10% at NGN 19.80 per share, followed by Academy Press (-9.36%), Dangote Sugar Refinery (-6.63%) and Glaxo Smithkline Consumer (-6.6%). FBN Holdings recorded the highest volume of 140 million traded shares, followed by Fidelity Bank (21.6m), Universal Insurance Company (18.7m) and Transcorp Nigeria (17.3m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 1,037.96 (1.62%) points to close at 65,205.35, representing a 1-week loss of 0.09%, a 4-week gain of 3.91%, and an overall year-to-date gain of 27.23%.
Other remarkable indices that performed were the NGX Top 50 Index (+2.27%; +0.21% 1WK; +42.86% YTD), NGX Top 30 Index (+1.63%; -0.16% 1WK; +28.78% YTD), NGX Industrial Index (+4.8%; -0.31% 1WK; +18.26% YTD), NGX Premium Index (+3.81%; +0.03% 1WK; +46.96% YTD), NGX Pension Index (+1.23%; +0.17% 1WK; +54.43% YTD), and NGX Insurance Index (+0.6%; +1.07% 1WK; +56.42% YTD).
