Equity investors gain N374.07bn as NGXASI appreciates by 0.67%
Nigeria’s equities market closed positive on Friday as the NGX-ASI increased to 100,057.49 from 99,396.23 recorded at the close of the previous trading day; indicating a YTD return of +33.81%.
The market performance for the week increased by 0.32% to 100,057.49 from 99,743.05 recorded at the beginning of the week.
Market capitalization also increased by N374.07 billion to N56.601 trillion from N56.227 trillion recorded at the close of the previous trading day, while the market turnover increased to N9.816 billion from N9.115 billion.
At the end of the last weekday of tradin, a total of 509,705,648 shares in 7,945 deals, corresponding to a market value of NGN 9,884,602,670.17, were traded. Compared with the previous NGX trading day (Thursday, June 27), today’s data shows 4% decline in volume, 6% decline in turnover, but 4% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.6 trillion.
In the aggregate, 123 NGX listed equities participated in trading, ending with 34 gainers and 12 losers. United Capital led the gainers with 9.96% share price appreciation closing at NGN 26.50 per share, followed by Lasaco Assurance (+9.91%), Computer Warehouse Group (+9.66%) and Ikeja Hotel (+8.97%).
On the losing side, Jaiz Bank came out last with an end-of-day price depreciation of 9.72% at NGN 1.95 per share, followed by Caverton Offshore Support Group (-7.8%), Regency Alliance Insurance (-6.98%) and Champion Breweries (-6.67%). Transcorp Nigeria recorded the highest volume of 125 million traded shares, followed by Oando (58.3m), Guinness Nigeria (43m) and Aiico Insurance (27m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 661.26 (0.67%) points to close at 100,057.49, representing a 1-week gain of 0.32%, a 4-week gain of 1.7%, and an overall year-to-date gain of 33.81%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.75%; +0.42% 1WK; +32.97% YTD), NGX Premium Index (+1.5%; +0.81% 1WK; +36.48% YTD), NGX Insurance Index (+1.26%; +3.33% 1WK; +21.42% YTD), NGX Pension Index (+1%; +1.99% 1WK; +16.08% YTD), NGX Banking Index (+0.72%; +1.14% 1WK; -7.47% YTD), and NGX Main Board Index (+0.15%; +0.01% 1WK; +35.59% YTD).
