Equity investors gain N188.65bn as NGXASI appreciates by 0.32% to close the week
Nigeria’s equities market closed bullish on Friday building on the gain recorded on Thursday as investors sustained their buying interests in ARADEL (+10.00%), CONOIL (+9.94%), UACN (+5.12%), NGXGROUP (+2.98%), UCAP (+1.70%), ACCESSCORP (+1.02%), TRANSCORP (+0.92%), GTCO (+0.19%), FBNH (+0.18%), and 20 others.
At the end of Friday’s trading, Conoil hit its 52-week high of N260, suggesting a sustained bullish sentiment in the oil company.
The market capitalization increased by N188.65 billion to 58,920.28 trillion from 58.731.83 trillion recorded at the close of the previous trading day. However, The market turnover decreased to N9.129 billion from N16.477 billion.
At the end of the last weekday of trading on , a total of 477,944,137 shares in 9,015 deals, corresponding to a market value of NGN 9,062,107,062.78, were traded. Compared with the previous NGX trading day (Thursday, November 7), today’s data shows 24% decline in volume, 44% decline in turnover, and 7% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 58.9 trillion.
In the aggregate, 125 NGX listed equities participated in trading, ending with 30 gainers and 23 losers. Aradel Holdings led the gainers with 10% share price appreciation closing at NGN 485.30 per share, followed by Conoil (+9.94%), John Holt (+9.82%) and Lasaco Assurance (+9.09%).
On the losing side, Meyer came out last with an end-of-day price depreciation of 9.98% at NGN 7.67 per share, followed by Abbey Mortgage Bank (-9.83%), Eterna (-9.82%) and Sunu Assurances Nigeria (-9.65%). Sterling Bank recorded the highest volume of 119 million traded shares, followed by Ellah Lakes (91.6m), Access Holdings (54.5m) and Fidelity Bank (25.8m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 311.33 (0.32%) points to close at 97,236.19, representing a 1-week loss of 0.2%, a 4-week loss of 0.38%, but an overall year-to-date gain of 30.04%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.03%; -0.17% 1WK; +31.47% YTD), NGX Oil & Gas Index (+1.37%; +5.43% 1WK; +133.07% YTD), NGX Main Board Index (+0.58%; -0.48% 1WK; +36.87% YTD), NGX Consumer Goods Index (-0.01%; +0.02% 1WK; +38.79% YTD), NGX Industrial Index (-0.02%; -0.02% 1WK; +27.24% YTD), and NGX Pension Index (-0.08%; +0.94% 1WK; +31.57% YTD)
