Equity investors gain N262.82bn as NGX-ASI advances by 0.47%
Nigeria’s equities market closed positive on Thursday as the NGX-ASI increased to 100,503.21 from 100,032.32 recorded at the close of the previous trading day; indicating a YTD return of +34.41%.
Market capitalization also increased by N262.82 billion to N56.908 trillion from N56.646 trillion recorded at the close of the previous trading day. The market turnover decreased to N8.333 billion from N10.076 billion.
At the end of today’s trading session , a total of 392,795,396 shares in 9,013 deals, corresponding to a market value of NGN 8,333,016,906.19, were traded. Compared with the previous NGX trading day (Wednesday, July 17), today’s data shows 64% decline in volume, 17% decline in turnover, but 3% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.9 trillion.
In the aggregate, 119 NGX listed equities participated in trading, ending with 24 gainers and 29 losers. United Capital led the gainers with 9.92% share price appreciation closing at NGN 39.90 per share, followed by Oando (+9.76%), Africa Prudential (+9.55%) and Learn Africa (+9.38%).
On the losing side, Veritas Kapital Assurance came out last with an end-of-day price depreciation of 10% at NGN 1.08 per share, followed by Linkage Assurance (-10%), Vitafoam Nigeria (-9.67%) and Zenith Bank (-7%). Guaranty Trust Holding recorded the highest volume of 39.7 million traded shares, followed by Veritas Kapital Assurance (36.1m), FCMB Group (31.6m) and United Bank for Africa (29.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) climbed 470.89 (0.47%) points to close at 100,503.21, representing a 1-week gain of 1.04%, a 4-week gain of 0.66%, and an overall year-to-date gain of 34.41%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.47%; +1.07% 1WK; +33.18% YTD), NGX Main Board Index (+1.16%; +1.42% 1WK; +37.54% YTD), NGX Oil & Gas Index (+0.19%; +3.24% 1WK; +44.15% YTD), NGX Consumer Goods Index (+0.07%; -0.18% 1WK; +39.88% YTD), NGX Industrial Index (+0.01%; +0.01% 1WK; +73.73% YTD), and NGX Pension Index (-0.36%; +1.43% 1WK; +16.61% YTD).
