Equity investors gain N132.01bn as NGX-ASI increases by 0.24%
Nigeria’s equities market closed positive on Wednesday by 0.24% as the NGX-ASI increased to 99,284.38 from 99,051.02 recorded at the close of the previous trading day; indicating a YTD return of +32.78%
Market capitalization increased by N132.01 billion to 56.163 trillion from N56.032 trillion recorded at the close of the previous trading day while the market turnover also decreased to N4,862 billion from N7.656 billion.
At the end of today’s trading session, a total of 308,136,231 shares in 7,690 deals, corresponding to a market value of NGN 4,862,909,171.47, were traded. Compared with the previous NGX trading day (Tuesday, June 4), today’s data shows 11% decline in volume, 36% decline in turnover, and 5% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.2 trillion.
In the aggregate, 120 NGX listed equities participated in trading, ending with 18 gainers and 24 losers. Eterna led the gainers with 9.8% share price appreciation closing at NGN 13.45 per share, followed by Red Star Express (+9.76%), Stanbic IBTC Holdings (+9.62%) and Fidelity Bank (+8%).
On the losing side, Oando came out last with an end-of-day price depreciation of 9.86% at NGN 12.80 per share, followed by Linkage Assurance (-9.41%), Veritas Kapital Assurance (-8.7%) and Sovereign Trust Insurance (-8.7%). Fidelity Bank recorded the highest volume of 84.1 million traded shares, followed by Oando (52.5m), Veritas Kapital Assurance (19.4m) and Unity Bank (12m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 233.36 (0.24%) points to close at 99,284.38, representing a 1-week gain of 0.47%, a 4-week gain of 1.08%, and an overall year-to-date gain of 32.78%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.25%; +0.39% 1WK; +31.68% YTD), NGX Banking Index (+2.46%; +1.44% 1WK; -11.02% YTD), NGX Pension Index (+0.61%; +0.82% 1WK; +10.67% YTD), NGX Main Board Index (+0.27%; +0.57% 1WK; +34.35% YTD), NGX Oil & Gas Index (+0.26%; +5.44% 1WK; +23.43% YTD), and NGX Premium Index (+0.18%; +0.44% 1WK; +35.73% YTD).
