Equities Market: Investors lose N5.17 bn as NGX-ASI decreases by 0.01%
Nigeria’s Equities Market closed negative Wednesday as the NGX-ASI decreased by 0.01% to close at 63,757.23 compared to 63,766.72recorded at the close of the previous trading day; indicating a YTD return of +24.40%.
Market capitalization decreased by N5.17 billion to N34.7164 trillion from N34.7216 trillion recorded at the close of the previous trading day, while the market turnover decreased to N10.08 billion from N42.81 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 473,492,114 shares in 7,403 deals, corresponding to a market value of NGN 10,081,001,812.04, were traded. Compared with the previous NGX trading day (Tuesday, July 18), today’s data shows 46% decline in volume, 76% decline in turnover, and 17% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 34.7 trillion.
In the aggregate, 115 NGX listed equities participated in trading, ending with 24 gainers and 27 losers. Honeywell Flour Mill led the gainers with 10% share price appreciation closing at NGN 3.63 per share, followed by Eterna (+9.98%), Academy Press (+9.95%) and Skyway Aviation Handling Co. (+9.83%).
On the losing side, Geregu Power came out last with an end-of-day price depreciation of 10% at NGN 315.00 per share, followed by Prestige Assurance Company (-10%), FTN Cocoa Processors (-9.61%) and Linkage Assurance (-9.09%). Japaul Gold and Ventures recorded the highest volume of 78 million traded shares, followed by FCMB Group (36.6m), Sterling Bank (31.2m) and Dangote Sugar Refinery (30.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 9.49 (-0.01%) points to close at 63,757.23, representing a 1-week loss of 0.45%, a 4-week gain of 8.04%, and an overall year-to-date gain of 24.4%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.06%; -1.65% 1WK; +37.98% YTD), NGX Top 30 Index (-0.16%; -0.63% 1WK; +26.11% YTD), NGX Oil & Gas Index (+0.62%; -0.86% 1WK; +83.4% YTD), NGX Insurance Index (+0.52%; -3.23% 1WK; +48.94% YTD), NGX Consumer Goods Index (+0.48%; -0.46% 1WK; +48.83% YTD), and NGX Premium Index (+0.32%; +0.6% 1WK; +42.43% YTD).
Top Gainers(24) | ||
HONYFLOUR | 3.63 | +10.00% |
ETERNA | 28.65 | +9.98% |
ACADEMY | 2.21 | +9.95% |
SKYAVN | 16.20 | +9.83% |
RTBRISCOE | 0.56 | +9.80% |
JOHNHOLT | 2.39 | +9.63% |