Equities Market recoups previous loss with NGX-ASI up 0.87%
Nigeria’s equities market closed positive on Wednesday as the NGX-ASI increased to 108,609.51 from 107,670.98 recorded at the close of the previous trading day, indicating a YTD return of 5.52%.
Market capitalization increased by ₦504 billion to ₦67.684 trillion from ₦67.179 trillion recorded at the previous trading day’s close. However, the market turnover decreased to ₦8.631 billion from ₦11.262billion.
At the end of today’s trading session, a total of 343,718,718 shares in 12,970 deals, corresponding to a market value of NGN 8,631,555,393.66, were traded. Compared with the previous NGX trading day (Tuesday, February 18), today’s data shows 16% decline in volume, 23% decline in turnover, and 8% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 67.8 trillion.
In the aggregate, 126 NGX listed equities participated in trading, ending with 25 gainers and 28 losers. BUA Foods led the gainers with 9.91% share price appreciation closing at NGN 410.50 per share, followed by RT Briscoe (+6.91%), Eterna (+6.25%) and Sunu Assurances Nigeria (+6.13%).
On the losing side, University Press came out last with an end-of-day price depreciation of 9.8% at NGN 4.60 per share, followed by International Energy Insurance (-9.8%), Union Dicon Salt (-9.52%) and McNichols (-8.57%). Access Holdings recorded the highest volume of 65.1 million traded shares, followed by Fidelity Bank (50.7m), Zenith Bank (22.1m) and Sterling Bank (13.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 938.53 (0.87%) points to close at 108,609.51, representing a 1-week gain of 0.73%, a 4-week gain of 5.61%, and an overall year-to-date gain of 5.52%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.93%; +0.98% 1WK; +5.94% YTD), NGX Consumer Goods Index (+4.16%; +0.33% 1WK; +5.24% YTD), NGX Main Board Index (+1.47%; -0.85% 1WK; +3.53% YTD), NGX Insurance Index (+0.29%; +1.56% 1WK; +4.24% YTD), NGX Oil & Gas Index (+0.03%; -3.82% 1WK; -4.58% YTD), and NGX Industrial Index (-0%; +5.4% 1WK; +1.75% YTD).
