Equities market marginally rebounds, as NGX-ASI appreciates marginally by0.01%
Nigeria’s equities market closed positive onTuesday, as the NGX-ASI increased to 97,639.88 from 97,626.27 recorded at the close of the previous trading day, indicating a YTD return of +30.58%.
Market capitalization increased by N8.25 billion to N59.177 trillion from N59.169 trillion recorded at the previous trading day’s close. However, the market turnover decreased to N8.031 billion from N10.640 billion.
At the end of today’s trading session, a total of 552,110,061 shares in 9,305 deals, corresponding to a market value of NGN 8,031,310,614.56, were traded. Compared with the previous NGX trading day (Monday, November 25), today’s data shows 18% decline in volume, 25% decline in turnover, and 11% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.2 trillion.
In the aggregate, 126 NGX listed equities participated in trading, ending with 24 gainers and 25 losers. Haldane McCall led the gainers with 9.98% share price appreciation closing at NGN 6.17 per share, followed by Sunu Assurances Nigeria (+9.8%), Japaul Gold and Ventures (+9.72%) and Prestige Assurance Company (+9.64%).
On the losing side, Multiverse Mining & Exploration came out last with an end-of-day price depreciation of 9.92% at NGN 5.90 per share, followed by Tantalizers (-9.3%), UPDC Real Estate Investment Trust (-9.01%) and Universal Insurance Company (-5.88%). Haldane McCall recorded the highest volume of 177 million traded shares, followed by Tantalizers (37m), United Bank for Africa (29.6m) and Prestige Assurance Company (28.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 13.61 (0.01%) points to close at 97,639.88, representing a 1-week loss of 0.34%, a 4-week loss of 0.43%, but an overall year-to-date gain of 30.58%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.04%; -0.42% 1WK; +31.6% YTD), NGX Insurance Index (+0.91%; +3.81% 1WK; +52.26% YTD), NGX Industrial Index (+0.76%; +1.14% 1WK; +29.99% YTD), NGX Oil & Gas Index (+0.36%; +0.03% 1WK; +133.09% YTD), NGX Consumer Goods Index (+0.09%; +2% 1WK; +42.39% YTD), and NGX Premium Index (+0.09%; -0.54% 1WK; +27.22% YTD).
