Equities market sustains bullish trend as NGX-ASI increases by 0.25%
Nigeria’s equities market closed positive on Thursday as the NGX-ASI increased to 98,760.59 from 98,509.68 recorded at the close of the previous trading day, indicating a YTD return of +32.08%.
Market capitalization increased by N152 billion to N59.867 trillion from N59.715 trillion recorded at the previous trading day’s close. The market turnover also increased to N7.057 billion from N6.477 billion.
At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 489,654,913 shares in 8,304 deals, corresponding to a market value of NGN 7,057,268,658.46, were traded. Compared with the previous NGX trading day (Wednesday, December 11), today’s data shows 53% improvement in volume, 9% improvement in turnover, and 5% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.9 trillion.
In the aggregate, 127 NGX listed equities participated in trading, ending with 30 gainers and 21 losers. Conoil led the gainers with 10% share price appreciation closing at NGN 387.20 per share, followed by Tantalizers (+10%), Custodian & Allied (+9.92%) and Africa Prudential (+9.79%).
On the losing side, Daar Communications came out last with an end-of-day price depreciation of 8.47% at NGN 0.54 per share, followed by Caverton Offshore Support Group (-8.16%), Omatek Ventures (-7.46%) and Associated Bus Company (-7.41%). FCMB Group recorded the highest volume of 77.6 million traded shares, followed by E-Tranzact International (70.1m), Haldane McCall (47.8m) and Japaul Gold and Ventures (33.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 250.91 (0.25%) points to close at 98,760.59, representing a 1-week gain of 0.66%, a 4-week gain of 1.57%, and an overall year-to-date gain of 32.08%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.14%; -0.07% 1WK; +32.74% YTD), NGX Oil & Gas Index (+2.74%; +7.79% 1WK; +157.56% YTD), NGX Insurance Index (+0.82%; +4.52% 1WK; +74.22% YTD), NGX Industrial Index (+0.62%; -0.56% 1WK; +32.49% YTD), NGX Consumer Goods Index (+0.32%; +0.39% 1WK; +42.74% YTD), and NGX Main Board Index (+0.27%; +0.86% 1WK; +37.57% YTD).
