Equity investors gain N31.41bn as NGX-ASI appreciates by 0.5%
Nigeria’s equities market closed positive on Wednesday as the NGX-ASI increased to 98,944.42 from 98,892.58 recorded at the close of the previous trading day; indicating a YTD return of +32.33%.
Market capitalization increased by N31.41 billion to N59.955 trillion from N59.924 trillion recorded at the close of the previous trading day. While the market turnover decreased to N8.290 billion from N24.845 billion.
At the end of today’s trading session, a total of 283,735,090 shares in 7,966 deals, corresponding to a market value of NGN 8,290,748,953.48, were traded. Compared with the previous NGX trading day (Tuesday, October 22), today’s data shows 52% decline in volume, 67% decline in turnover, but 14% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 60 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 31 gainers and 16 losers. Oando led the gainers with 10% share price appreciation closing at NGN 89.65 per share, followed by Unilever Nigeria (+10%), Eunisell Interlinked (+10%) and McNichols (+9.79%).
On the losing side, Aradel Holdings came out last with an end-of-day price depreciation of 9.99% at NGN 562.90 per share, followed by Northern Nigeria Flour Mills (-9.93%), Consolidated Hallmark Holdings (-6.12%) and UPDC (-5.81%). United Bank for Africa recorded the highest volume of 66 million traded shares, followed by Nigerian Breweries (37.4m), Access Holdings (17.6m) and Oando (17.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 51.84 (0.05%) points to close at 98,944.42, representing a 1-week gain of 0.66%, a 4-week gain of 0.38%, and an overall year-to-date gain of 32.33%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.35%; +1.28% 1WK; +32.5% YTD), NGX Banking Index (+2.41%; +4.26% 1WK; +7.72% YTD), NGX Pension Index (+1.08%; +2.78% 1WK; +29.02% YTD), NGX Premium Index (+0.87%; +2.64% 1WK; +26.02% YTD), NGX Consumer Goods Index (+0.31%; +0.47% 1WK; +40.01% YTD), and NGX Industrial Index (+0.05%; +0.08% 1WK; +32.03% YTD).
