Equities Market maintains a bullish trend as NGX-ASI appreciates by 0.36%.
Trading activities in the Nigeria Equities Market closed positive Tuesday as the NGX-ASI increased by 0.36% to close at 52,419.33 compared to 52,231.29 recorded at the close of the previous trading day; indicating a YTD return of +2.28%.
Similarly, the market capitalization increased by N10.3billion to N28.543 trillion from N28.440 trillion recorded at the close of the previous trading day, while the market turnover increased to N6.79billion from N5.60 billion recorded at the close of the previous trading day.
At the end of today’s trading session, a total of 576,851,400 shares in 6,143 deals, corresponding to a market value of NGN 6,789,554,256.29, were traded. Compared with the previous NGX trading day (Monday, May 15), today’s data shows 8% decline in volume, 21% improvement in turnover, and 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 28.5 trillion.
In the aggregate, 114 NGX listed equities participated in trading, ending with 26 gainers and 19 losers. Nigerian Breweries led the gainers with 9.97% share price appreciation closing at NGN 35.30 per share, followed by FTN Cocoa Processors (+9.68%), Sovereign Trust Insurance (+9.52%) and Cornerstone Insurance Company (+8.82%).
On the losing side, Computer Warehouse Group came out last with an end-of-day price depreciation of 9.63% at NGN 1.69 per share, followed by Courteville Business Solutions (-6.52%), Ardova (-6.06%) and Glaxo Smithkline Consumer (-4.41%). United Bank for Africa recorded the highest volume of 94.3 million traded shares, followed by Transcorp Nigeria (86.4m), Access Holdings (62.4m) and Zenith Bank (57.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 188.04 (0.36%) points to close at 52,419.33, representing a 1-week loss of 0.35%, a 4-week gain of 0.91%, and an overall year-to-date gain of 2.28%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.92%; +1.57% 1WK; +5.96% YTD), NGX Top 30 Index (+0.58%; +0.42% 1WK; +2.96% YTD), NGX Insurance Index (+3.19%; +2.36% 1WK; +12.23% YTD), NGX Pension Index (+1.16%; +1.88% 1WK; +11.44% YTD), NGX Banking Index (+1.1%; -1.29% 1WK; +10.49% YTD), and NGX Consumer Goods Index (+0.85%; +1.95% 1WK; +27.25% YTD).
