Equities market investors gain N793bn as NGXASI increases by 1.25%
Nigeria’s Equities market closed positive on Thursday as the NGX-ASI increased to 105,530.74 from 104,230.73 recorded at the close of the previous trading day, indicating a YTD return of +2.53%.
Market capitalization increased by ₦792 billion to ₦64.351 trillion from ₦63.559 trillion recorded at the previous trading day’s close. However, the market turnover decreased to ₦13.069 billion from ₦24.692 billion.
Market breadth was positive at 1.42X as 34 stocks advanced and 24 stocks declined, while 60 stocks remained unchanged. MTNN topped the gainers’ list with 10.00%, while RTBRISCOE declined by -10.00% to lead the losers’ chart.
At the end of today’s trading session , a total of 489,525,129 shares in 13,010 deals, corresponding to a market value of NGN 13,068,723,544.20, were traded. Compared with the previous NGX trading day (Wednesday, January 8), today’s data shows 23% decline in volume, 36% decline in turnover, and 4% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 64.4 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 34 gainers and 25 losers. MTN Nigeria led the gainers with 10% share price appreciation closing at NGN 242.00 per share, followed by Honeywell Flour Mill (+9.89%), Universal Insurance Company (+9.86%) and Transcorp Hotels (+9.78%).
On the losing side, RT Briscoe came out last with an end-of-day price depreciation of 10% at NGN 2.34 per share, followed by Sunu Assurances Nigeria (-9.99%), The Initiates (-9.68%) and UPDC (-9.5%). Universal Insurance Company recorded the highest volume of 97.2 million traded shares, followed by Aiico Insurance (54.2m), Sovereign Trust Insurance (25m) and FBN Holdings (16.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) increased by 1,300.01 (1.25%) points to close at 105,530.74, representing a 1-week gain of 2.28%, a 4-week gain of 7.57%, and an overall year-to-date gain of 2.53%.
Other remarkable indices that performed were the NGX Top 30 Index (+1.42%; +2.52% 1WK; +2.59% YTD), NGX Premium Index (+2.33%; +4.83% 1WK; +4.97% YTD), NGX Pension Index (+1.71%; +3.38% 1WK; +3.68% YTD), NGX Banking Index (+1.7%; +3.46% 1WK; +3.73% YTD), NGX Main Board Index (+0.68%; +0.97% 1WK; +1.27% YTD), and NGX Consumer Goods Index (+0.46%; +0.35% 1WK; +0.5% YTD).
