Equities Market: NGX-ASI declines by 0.18% to begin the week
Nigeria’s Equities Market closed negative on Monday by 0.18% as the NGX-ASI decreased to 65,210.49 compared to 65,325.37 recorded at the close of the previous trading day; indicating a YTD return of +27.24%.
Market capitalization decreased today by N157 billion to N35.415 trillion from N35.572 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.205 billion from N8.362 billion recorded at the close of the previous trading day.
At the end of the first weekday of trading, a total of 259,041,152 shares in 5,899 deals, corresponding to a market value of NGN 4,204,791,493.29, were traded. Compared with the previous NGX trading day (Friday, August 11), today’s data shows 47% decline in volume, 50% decline in turnover, but 2% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 35.4 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 22 gainers and 24 losers. Cornerstone Insurance Company led the gainers with 9.32% share price appreciation closing at NGN 1.29 per share, followed by Omatek Ventures (+8.82%), The Initiates (+8.51%) and Chams (+7.37%).
On the losing side, Eterna came out last with an end-of-day price depreciation of 9.9% at NGN 17.75 per share, followed by Sunu Assurances Nigeria (-9.57%), University Press (-9.24%) and FTN Cocoa Processors (-8.44%). Transcorp Nigeria recorded the highest volume of 41.8 million traded shares, followed by Access Holdings (18.2m), Guaranty Trust Holding (15.6m) and Sterling Bank (14.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 114.88 (-0.18%) points to close at 65,210.49, representing a 1-week loss of 0.19%, a 4-week gain of 3.6%, and an overall year-to-date gain of 27.24%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.15%; -0.05% 1WK; +28.98% YTD), NGX Top 50 Index (-0.64%; -0.5% 1WK; +42.3% YTD), NGX Insurance Index (+0.8%; +2.74% 1WK; +58.26% YTD), NGX Consumer Goods Index (+0.47%; -0.4% 1WK; +49.72% YTD), NGX Main Board Index (+0.02%; -0.14% 1WK; +19.77% YTD), and NGX Industrial Index (+0.01%; -0.37% 1WK; +18.21% YTD).
