Equities Market:  Investors  gain N94.47bn as NGX-ASI increased by 0.27%  

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 Nigeria’s  Equities Market closed positive  Thursday  as the NGX-ASI increased by 0.27% to close at 63,930.72 compared to 63,757.23 recorded at the close of the previous trading day; indicating a YTD return of +24.74%.

 Market capitalization increased by N94.47 billion to N34.8109 trillion from N34.7164 trillion recorded at the close of the previous trading day, while the market turnover increased to N18.07 billion from N10.08 billion recorded at the close of the previous trading day.

At the end of today’s trading session, a total of 1,358,946,966 shares in 7,179 deals, corresponding to a market value of NGN 18,066,010,139.76, were traded. Compared with the previous NGX trading day (Wednesday, July 19), today’s data shows 187% improvement in volume, 79% improvement in turnover, but 3% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 34.8 trillion.

In the aggregate, 119 NGX listed equities participated in trading, ending with 42 gainers and 21 losers. University Press led the gainers with 10% share price appreciation closing at NGN 2.42 per share, followed by Eunisell Interlinked (+9.97%), Academy Press (+9.95%) and Chellarams (+9.91%). On the losing side, Courteville Business Solutions came out last with an end-of-day price depreciation of 9.86% at NGN 0.64 per share, followed by FTN Cocoa Processors (-9.66%), Abbey Mortgage Bank (-9.49%) and May & Baker Nigeria (-9.17%).

 United Bank for Africa recorded the highest volume of 962 million traded shares, followed by Sterling Bank (43.7m), FBN Holdings (40.3m) and Japaul Gold and Ventures (36m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 173.49 (0.27%) points to close at 63,930.72, representing a 1-week gain of 1.88%, a 4-week gain of 8.16%, and an overall year-to-date gain of 24.74%.

Other remarkable indices that performed were the NGX Top 30 Index (+0.25%; +1.94% 1WK; +26.42% YTD), NGX Top 50 Index (+0.24%; +1.69% 1WK; +38.31% YTD), NGX Insurance Index (+1.19%; +2.14% 1WK; +50.72% YTD), NGX Banking Index (+0.59%; +1.13% 1WK; +53.89% YTD), NGX Oil & Gas Index (+0.41%; +0.28% 1WK; +84.15% YTD), and NGX Main Board Index (+0.37%; +0.35% 1WK; +18.14% YTD).

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