Equity investors gain N60bn as NGXASI appreciates by 0.10%
Nigeria’s equities market closed positive on Tuesday as the NGX-ASI increased to 98,206.97 from 98,107.52 recorded at the close of the previous trading day, indicating a YTD return of +31.34%.
Market capitalization increased by N60.28 billion to N59.531 trillion from N59.471 trillion recorded at the previous trading day’s close. Conversely, the market turnover decreased to N12.813 billion from N12.864 billion.
At the end of today’s trading session , a total of 939,409,379 shares in 9,098 deals, corresponding to a market value of NGN 12,813,518,800.57, were traded. Compared with the previous NGX trading day (Monday, December 9), today’s data shows 115% improvement in volume but 4% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.5 trillion.
In the aggregate, 128 NGX listed equities participated in trading, ending with 37 gainers and 21 losers. Golden Guinea Breweries led the gainers with 9.93% share price appreciation closing at NGN 6.53 per share, followed by Guinea Insurance (+9.8%), Tantalizers (+9.77%) and Africa Prudential (+9.7%).
On the losing side, John Holt came out last with an end-of-day price depreciation of 9.96% at NGN 7.23 per share, followed by Haldane McCall (-9.91%), Morison Industries (-9.89%) and Lafarge Wapco (-7.8%). Wapic Insurance recorded the highest volume of 458 million traded shares, followed by Sterling Bank (138m), Japaul Gold and Ventures (30.3m) and United Bank for Africa (28.7m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 99.45 (0.1%) points to close at 98,206.97, representing a 1-week gain of 0.52%, a 4-week gain of 0.97%, and an overall year-to-date gain of 31.34%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.05%; +0.65% 1WK; +32.97% YTD), NGX Insurance Index (+1.98%; +6.14% 1WK; +68.85% YTD), NGX Oil & Gas Index (+1.64%; +6.74% 1WK; +144.36% YTD), NGX Consumer Goods Index (+0.17%; -0.12% 1WK; +42.23% YTD), NGX Main Board Index (+0.11%; +0.16% 1WK; +36.62% YTD), and NGX Premium Index (+0.09%; +1.2% 1WK; +30.03% YTD).
