Equity investors gain N79.65bn as NGX-ASI appreciates by 0. 14 %
The Nigeria’s equities market maintained its bullish momentum at the start of the trading week, building on the gains recorded on Friday. The gain came from appreciation in Flourmill (+9.81%), Fidson (+9.40%), PZ (+8.65%), FBNH (+2.55%), Guinness (+2.36%), NB (+1.07%), UBA (+0.21%), and 25 others.
As such, the All-Share Index (ASI) was up 0.14% to close at 98,386.60 points, following a 0.25% gain on Friday at 98,247.99 points. Investors gained N79.65bn, with market capitalisation advancing to N56.54trn, while the year-to-date return closed at 31.58%.
At the end of the first weekday of trading, a total of 410,429,957 shares in 10,669 deals, corresponding to a market value of NGN 5,513,182,370.16, were traded. Compared with the previous NGX trading day (Friday, September 20), today’s data shows 26% decline in volume, 46% decline in turnover, but 23% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.5 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 32 gainers and 20 losers. FCMB Group led the gainers with 10% share price appreciation closing at NGN 8.80 per share, followed by McNichols (+10%), Fidelity Bank (+9.93%) and Tantalizers (+9.84%). On the losing side, Berger Paints came out last with an end-of-day price depreciation of 9.83% at NGN 21.10 per share, followed by Daar Communications (-9.33%), Deap Capital Management & Trust (-9.09%) and Secure Electronic Technology (-7.46%). Transcorp Nigeria recorded the highest volume of 66.8 million traded shares, followed by Fidelity Bank (43.1m), Access Holdings (25.1m) and NPF Microfinance Bank (24.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 138.61 (0.14%) points to close at 98,386.60, representing a 1-week gain of 0.95%, a 4-week gain of 2.51%, and an overall year-to-date gain of 31.58%. Other remarkable indices that performed were the NGX Top 30 Index (+0.21%; +1.31% 1WK; +31.05% YTD), NGX Banking Index (+0.95%; +2.23% 1WK; +2.55% YTD), NGX Pension Index (+0.72%; +2.62% 1WK; +22.29% YTD), NGX Main Board Index (+0.46%; +1.47% 1WK; +40.02% YTD), NGX Consumer Goods Index (+0.24%; -0.54% 1WK; +40.1% YTD), and NGX Premium Index (+0.04%; +0.7% 1WK; +23.92% YTD).
