Equities Market lose N96.50bn as NGX-ASI declines by 0.27%
Nigeria’s Equities Market closed negative Thursday by 0.27% as the NGX-ASI decreased to 64,448.96 compared to 64,625.28 recorded at the close of the previous trading day; indicating a YTD return of +25.75%.
Market capitalization decreased by N96.51 billion to N35.273 trillion from N35.369 trillion recorded at the close of the previous trading day, while the market turnover decreased to N3.73 billion from N7.43 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 320,346,677 shares in 5,176 deals, corresponding to a market value of NGN 3,729,425,470.86, were traded.
Compared with the previous NGX trading day (Wednesday, August 16), today’s data shows 10% improvement in volume, 50% decline in turnover, and 17% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 35.1 trillion.
In the aggregate, 116 NGX listed equities participated in trading, ending with 21 gainers and 18 losers. John Holt led the gainers with 10% share price appreciation closing at NGN 1.32 per share, followed by Computer Warehouse Group (+9.76%), Prestige Assurance Company (+8.33%) and Cutix (+8%).
On the losing side, Guinea Insurance came out last with an end-of-day price depreciation of 8.57% at NGN 0.32 per share, followed by RT Briscoe (-8.16%), Consolidated Hallmark Insurance (-7.61%) and Sunu Assurances Nigeria (-6.98%). Fidelity Bank recorded the highest volume of 80 million traded shares, followed by Transcorp Nigeria (34.3m), United Bank for Africa (24.4m) and Universal Insurance Company (22.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 176.32 (-0.27%) points to close at 64,448.96, representing a 1-week loss of 1.16%, a 4-week gain of 0.81%, and an overall year-to-date gain of 25.75%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.16%; -0.47% 1WK; +42.18% YTD), NGX Top 30 Index (-0.26%; -1.02% 1WK; +27.47% YTD), NGX Insurance Index (+0.49%; +0.1% 1WK; +56.57% YTD), NGX Consumer Goods Index (+0.34%; +2.56% 1WK; +52.82% YTD), NGX Main Board Index (+0.12%; -1.28% 1WK; +18.08% YTD), and NGX Oil & Gas Index (+0.06%; -0.42% 1WK; +97.76% YTD).
