Equity investors gain N246.07bn as NGXASI appreciates by 0.44%
Nigeria’s Equities Market closed positive on Wednesday by 0.44% as the NGX-ASI increased to 98,818.04 from 98,383.04 recorded at the close of the previous trading day; indicating a YTD return of +32.16%
Market capitalization increased by N246.07 billion to N55.899 trillion from N55.653 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.767 billion from N6.584 billion.
At the end of today’s trading session, a total of 518,948,393 shares in 7,781 deals, corresponding to a market value of NGN 4,767,087,010.32, were traded.
Compared with the previous NGX trading day (Tuesday, May 28), today’s data shows 7% decline in volume, 28% decline in turnover, and 3% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.9 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 31 gainers and 15 losers. Abbey Mortgage Bank led the gainers with 9.76% share price appreciation closing at NGN 2.70 per share, followed by National Salt Company (+9.66%), FCMB Group (+9.63%) and International Breweries (+9.59%).
On the losing side, International Energy Insurance came out last with an end-of-day price depreciation of 9.68% at NGN 1.40 per share, followed by Jaiz Bank (-6.52%), Tantalizers (-6%) and NPF Microfinance Bank (-5.88%). Abbey Mortgage Bank recorded the highest volume of 230 million traded shares, followed by Access Holdings (81m), United Bank for Africa (23.9m) and FCMB Group (18.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 435.00 (0.44%) points to close at 98,818.04, representing a 1-week gain of 0.7%, a 4-week gain of 0.6%, and an overall year-to-date gain of 32.16%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.46%; +0.77% 1WK; +31.17% YTD), NGX Banking Index (+2.3%; +2.85% 1WK; -12.28% YTD), NGX Insurance Index (+1.14%; -1.07% 1WK; +11.17% YTD), NGX Pension Index (+1.14%; +2.07% 1WK; +9.77% YTD), NGX Consumer Goods Index (+0.85%; +1.65% 1WK; +39.61% YTD), and NGX Premium Index (+0.48%; +0.95% 1WK; +35.13% YTD).
