Equities market reverses gain by 0.07%
Nigeria’s equities market closed negative on Wednesday as the NGX-ASI decreased to 95,831.51 from 95,895.92 recorded at the close of the previous trading day; indicating a YTD return of +28.16%.
Market capitalization increased by N599 billion to N55.047 trillion from N54.448 trillion recorded at the close of the previous trading day. The market turnover decreased to N7.252 billion from N7.688 billion.
At the end of today’s trading session , a total of 360,558,689 shares in 8,813 deals, corresponding to a market value of NGN 7,252,158,694.18, were traded. Compared with the previous NGX trading day (Tuesday, August 20), today’s data shows 64% decline in volume, 6% decline in turnover, but 6% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 54.4 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 27 gainers and 19 losers. Ikeja Hotel led the gainers with 10% share price appreciation closing at NGN 7.70 per share, followed by RT Briscoe (+9.76%), Cutix (+9.66%) and Tantalizers (+9.62%). On the losing side, University Press came out last with an end-of-day price depreciation of 9.4% at NGN 2.41 per share, followed by Oando (-8.66%), National Salt Company (-8.39%) and Red Star Express (-6.43%). Oando recorded the highest volume of 66.2 million traded shares, followed by Guaranty Trust Holding (45.7m), Cutix (29.4m) and Universal Insurance Company (25.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 64.41 (-0.07%) points to close at 95,831.51, representing a 1-week loss of 1.41%, a 4-week loss of 4.52%, but an overall year-to-date gain of 28.16%. Other remarkable indices that performed were the NGX Top 30 Index (+0.02%; -1.47% 1WK; +27.17% YTD), NGX Industrial Index (+0.07%; -4.9% 1WK; +42.09% YTD), NGX Consumer Goods Index (-0.02%; -2.03% 1WK; +36.63% YTD), NGX Main Board Index (-0.06%; +0.63% 1WK; +35.62% YTD), NGX Premium Index (-0.07%; -4.88% 1WK; +21.7% YTD), and NGX Oil & Gas Index (-0.08%; +3.24% 1WK; +59.55% YTD).
