Equity investors gain N197.41bn as NGX-ASI appreciates by 33%
Nigeria’s equities market closed positive on Tuesday as the NGX-ASI increased to 98,540.93 from 98,215.13 recorded at the close of the previous trading day; indicating a YTD return of +31.79%.
Market capitalization increased by N197.41 billion to N59.707 trillion from N59.510 trillion recorded at the close of the previous trading day. The market turnover also increased to N26.817 billion from N19.708 billion.
At the end of today’s trading session , a total of 286,044,523 shares in 9,650 deals, corresponding to a market value of NGN 26,817,025,781.27, were traded. Compared with the previous NGX trading day (Monday, October 14), today’s data shows 6% decline in volume, 36% improvement in turnover, and 19% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.7 trillion.
In the aggregate, 119 NGX listed equities participated in trading, ending with 15 gainers and 29 losers. Champion Breweries led the gainers with 9.97% share price appreciation closing at NGN 3.42 per share, followed by Tantalizers (+9.09%), Oando (+7.93%) and Aradel Holdings (+6.09%).
On the losing side, Caverton Offshore Support Group came out last with an end-of-day price depreciation of 10% at NGN 2.34 per share, followed by Tripple Gee & Co. (-9.95%), C&I Leasing (-9.8%) and Jaiz Bank (-9.21%). Access Holdings recorded the highest volume of 45.9 million traded shares, followed by Zenith Bank (30.4m), Aradel Holdings (25m) and United Bank for Africa (16.9m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 325.80 (0.33%) points to close at 98,540.93, representing a 1-week gain of 0.98%, a 4-week gain of 1.11%, and an overall year-to-date gain of 31.79%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.11%; +0.32% 1WK; +30.86% YTD), NGX Main Board Index (+0.66%; +1.63% 1WK; +41.21% YTD), NGX Pension Index (+0.27%; +0.83% 1WK; +25.55% YTD), NGX Oil & Gas Index (+0.13%; -0.5% 1WK; +108.23% YTD), NGX Consumer Goods Index (+0.07%; +0.4% 1WK; +38.72% YTD), and NGX Premium Index (+0.01%; -0.02% 1WK; +22.86% YTD).
