Equity investors gain N94.95bn as NGXASI appreciates by 0.17%
Nigeria’s equities market closed positive on Wednesday as the NGX-ASI increased to 99,385.44 from 99,217.60 recorded at the close of the previous trading day; indicating a YTD return of +32.91%.
Market capitalization also increased by N94.94 billion to N56.221 trillion from N56.126 trillion recorded at the close of the previous trading day, while the market turnover decreased to N4.120 billion from N6.163 billion.
At the end of today’s trading session , a total of 276,363,726 shares in 7,597 deals, corresponding to a market value of NGN 4,120,296,026.18, were traded. Compared with the previous NGX trading day (Tuesday, June 25), today’s data shows 24% decline in volume, 33% decline in turnover, and 11% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 56.2 trillion.
In the aggregate, 122 NGX listed equities participated in trading, ending with 35 gainers and 14 losers. Oando led the gainers with 10% share price appreciation closing at NGN 13.75 per share, followed by Computer Warehouse Group (+10%), FTN Cocoa Processors (+10%) and C&I Leasing (+9.33%).
On the losing side, Secure Electronic Technology came out last with an end-of-day price depreciation of 10% at NGN 0.54 per share, followed by Cornerstone Insurance Company (-8.64%), Royal Exchange (-7.58%) and Tantalizers (-4.17%). Access Holdings recorded the highest volume of 45.3 million traded shares, followed by Aiico Insurance (24m), Guaranty Trust Holding (13.9m) and Fidelity Bank (13.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) inched up 167.84 (0.17%) points to close at 99,385.44, representing a 1-week loss of 0.46%, a 4-week gain of 1.82%, and an overall year-to-date gain of 32.91%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.12%; -0.4% 1WK; +32.02% YTD), NGX Banking Index (+0.76%; -1.24% 1WK; -9.14% YTD), NGX Pension Index (+0.39%; +0.16% 1WK; +14.06% YTD), NGX Consumer Goods Index (+0.27%; -0.26% 1WK; +40.94% YTD), NGX Main Board Index (+0.18%; -0.43% 1WK; +35.14% YTD), and NGX Premium Index (+0.16%; -0.51% 1WK; +34.82% YTD).
