Equity investors gain N148.78bn as NGXASI appreciates by 0.25%
Nigeria’s equities market closed positive on Thursday as the NGX-ASI increased to 99,189.95 from 98,944.42 recorded at the close of the previous trading day; indicating a YTD return of +32.65%.
Market capitalization increased by 148.78billion to N60.103 trillion from N59.955 trillion recorded at the close of the previous trading day. While the market turnover increased to N15.715 billion from N8.290 billion.
At the end of today’s trading session, a total of 400,912,759 shares in 9,211 deals, corresponding to a market value of NGN 15,715,799,111.39, were traded. Compared with the previous NGX trading day (Wednesday, October 23), today’s data shows 41% improvement in volume, 90% improvement in turnover, and 16% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 60.1 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 28 gainers and 19 losers. Access Holdings led the gainers with 9.95% share price appreciation closing at NGN 22.10 per share, followed by Academy Press (+9.79%), UPDC (+8.9%) and Cornerstone Insurance Company (+7.6%).
On the losing side, Royal Exchange came out last with an end-of-day price depreciation of 9.72% at NGN 0.65 per share, followed by International Breweries (-6.24%), Livestock Feeds (-6.06%) and Wapic Insurance (-5.94%). United Bank for Africa recorded the highest volume of 58.4 million traded shares, followed by Japaul Gold and Ventures (35.1m), Custodian & Allied (33.7m) and Access Holdings (30.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 245.53 (0.25%) points to close at 99,189.95, representing a 1-week gain of 1.13%, a 4-week gain of 0.2%, and an overall year-to-date gain of 32.65%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.36%; +1.58% 1WK; +32.98% YTD), NGX Banking Index (+2.61%; +7.6% 1WK; +10.53% YTD), NGX Pension Index (+1.12%; +4.11% 1WK; +30.47% YTD), NGX Premium Index (+0.75%; +3.28% 1WK; +26.96% YTD), NGX Insurance Index (+0.68%; +1.64% 1WK; +37.82% YTD), and NGX Oil & Gas Index (+0.04%; +3.84% 1WK; +118.26% YTD).
