Equities Market records N158.01bn loss as NGX-ASI decreases by 0.43%
Nigeria’s Equities Market closed negative on Wednesday by 0.43% as the NGX-ASI decreased to 66,482.28 from 66,770.97 recorded at the close of the previous trading day; indicating a YTD return of +29.72%.
Market capitalization decreased by N158.01 billion to N36.38 trillion from N36.54 trillion recorded at the close of the previous trading day, while the market turnover increased to N4.59 billion from N3.85 billion.
At the end of today’s trading session, a total of 657,515,274 shares in 6,646 deals, corresponding to a market value of NGN 4,597,419,892.25, were traded.
Compared with the previous NGX trading day (Tuesday, October 3), today’s data shows 80% improvement in volume, 19% improvement in turnover, but 12% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 36.4 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 29 gainers and 22 losers. Oando led the gainers with 9.88% share price appreciation closing at NGN 9.45 per share, followed by Red Star Express (+9.81%), Tripple Gee & Co. (+9.68%) and RT Briscoe (+9.43%).
On the losing side, Wema Bank came out last with an end-of-day price depreciation of 10% at NGN 4.23 per share, followed by Ikeja Hotel (-10%), Associated Bus Company (-8.86%) and Royal Exchange (-8%). Universal Insurance Company recorded the highest volume of 336 million traded shares, followed by Fidelity Bank (31.7m), Consolidated Hallmark Insurance (25.1m) and Guaranty Trust Holding (24.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) shed 288.69 (-0.43%) points to close at 66,482.28, representing a 1-week loss of 0.6%, a 4-week loss of 2.63%, but an overall year-to-date gain of 29.72%.
Other remarkable indices that performed were the NGX Top 50 Index (+0.18%; -0.12% 1WK; +43.77% YTD), NGX Top 30 Index (-0.41%; -0.64% 1WK; +32.76% YTD), NGX Insurance Index (+0.28%; +1.02% 1WK; +59.82% YTD), NGX Consumer Goods Index (+0.18%; +1.5% 1WK; +91.85% YTD), NGX Main Board Index (+0.17%; +28.83% YTD), and NGX Oil & Gas Index (+0%; -1.24% 1WK; +97.63% YTD).
