Equity investors gain N131.08bn as NGXASI advances by 0.23%
Nigeria’s equities market closed positive on Wednesday with 0.23% as the NGX-ASI increased to 100,299.48 from 100,067.77 recorded at the close of the previous trading day; indicating a YTD return of +31.99%.
Market capitalization also increased by N131.08 billion to N56.737trillion from N56.607 trillion recorded at the close of the previous trading day, the market turnover also increased to N4.752 billion from N3.996 billion.
At the end of today’s trading session , a total of 342,195,678 shares in 7,592 deals, corresponding to a market value of NGN 4,752,884,517.76, were traded. Compared with the previous NGX trading day (Tuesday, July 2), today’s data shows 6% decline in volume, 15% improvement in turnover, but 12% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.7 trillion.
In the aggregate, 126 NGX listed equities participated in trading, ending with 29 gainers and 19 losers. Cornerstone Insurance Company led the gainers with 9.57% share price appreciation closing at NGN 2.29 per share, followed by RT Briscoe (+9.37%), Industrial & Medical Gases (+9.24%) and UPDC Real Estate Investment Trust (+9%).
On the losing side, University Press came out last with an end-of-day price depreciation of 10% at NGN 2.25 per share, followed by Daar Communications (-5.88%), Omatek Ventures (-5.8%) and Neimeth International Pharma (-5.63%). Fidelity Bank recorded the highest volume of 138 million traded shares, followed by Universal Insurance Company (21.2m), Aiico Insurance (14.9m) and Access Holdings (14.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 231.71 (0.23%) points to close at 100,299.48, representing a 1-week gain of 0.92%, a 4-week gain of 1.01%, and an overall year-to-date gain of 34.14%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.24%; +0.99% 1WK; +33.32% YTD), NGX Insurance Index (+2.67%; +4.9% 1WK; +25.66% YTD), NGX Banking Index (+1.71%; +4.32% 1WK; -5.22% YTD), NGX Pension Index (+0.58%; +2.46% 1WK; +16.86% YTD), NGX Premium Index (+0.29%; +1.68% 1WK; +37.09% YTD), and NGX Main Board Index (+0.19%; +0.45% 1WK; +35.74% YTD).
