Equity investors gain N119.96bn as NGX-ASI increases by 0.20%
Nigerian] Equities market closed positive on Tuesday as the NGX-ASI increased to 98,892.58 from 98,694.80 recorded at the close of the previous trading day; indicating a YTD return of +32.26%.
Market capitalization increased by N120 billion to N59.924 trillion from N59.803 trillion recorded at the close of the previous trading day. While the market turnover decreased to N24.845 billion from N27.568 billion.
At the end of today’s trading session , a total of 591,010,474 shares in 6,987 deals, corresponding to a market value of NGN 24,844,810,373.36, were traded. Compared with the previous NGX trading day (Monday, October 21), today’s data shows 46% improvement in volume, 10% decline in turnover, and 16% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.9 trillion.
In the aggregate, 121 NGX listed equities participated in trading, ending with 23 gainers and 15 losers. Transcorp Hotels led the gainers with 9.28% share price appreciation closing at NGN 106.00 per share, followed by Wapic Insurance (+9.09%), UPDC (+6.9%) and Universal Insurance Company (+5.88%).
On the losing side, John Holt came out last with an end-of-day price depreciation of 9.84% at NGN 2.75 per share, followed by Tantalizers (-9.84%), Dangote Sugar Refinery (-8.82%) and Regency Alliance Insurance (-7.14%). Champion Breweries recorded the highest volume of 255 million traded shares, followed by Japaul Gold and Ventures (109m), United Bank for Africa (45m) and FCMB Group (19.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 201.97 (0.20%) points to close at 98,892.58, representing a 1-week gain of 0.36%, a 4-week gain of 0.51%, and an overall year-to-date gain of 32.26%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.19%; +0.9% 1WK; +32.03% YTD), NGX Insurance Index (+1.22%; +2.93% 1WK; +37.46% YTD), NGX Banking Index (+0.91%; +1.77% 1WK; +5.19% YTD), NGX Pension Index (+0.36%; +1.66% 1WK; +27.64% YTD), NGX Main Board Index (+0.3%; -0.3% 1WK; +40.78% YTD), and NGX Premium Index (+0.02%; +1.69% 1WK; +24.93% YTD).
