Equity investors lose N21 bn as NGXASI declines by 0.04%
Nigeria’s equities market closed negative on Monday with 0.04% as the NGX-ASI decreased to 100,020.83 from 100,057.49 recorded at the close of the previous trading day; indicating a YTD return of +31.62%.
The market capitalization also decreased by N20.74 billion to N56,581 trillion from N56,602 trillion recorded at the close of the previous trading day, the market turnover also decreased to N3.713 billion from N9.817 billion.
At the end of the first weekday of trading , a total of 274,682,596 shares in 10,112 deals, corresponding to a market value of NGN 3,712,965,980.59, were traded. Compared with the previous NGX trading day (Friday, June 28), today’s data shows 46% decline in volume, 62% decline in turnover, but 27% 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 20 gainers and 30 losers. Linkage Assurance led the gainers with 10% share price appreciation closing at NGN 1.10 per share, followed by Africa Prudential (+9.76%), Unity Bank (+9.74%) and Wapic Insurance (+8.96%). On the losing side, E-Tranzact International came out last with an end-of-day price depreciation of 10% at NGN 4.50 per share, followed by Fidson Healthcare (-9.7%), Cornerstone Insurance Company (-9.52%) and Lasaco Assurance (-9.41%). United Capital recorded the highest volume of 26.6 million traded shares, followed by Linkage Assurance (23.9m), Aiico Insurance (14.2m) and Computer Warehouse Group (11.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 36.66 (-0.04%) points to close at 100,020.83, representing a 1-week gain of 0.72%, a 4-week gain of 1.22%, and an overall year-to-date gain of 33.76%. Other remarkable indices that performed were the NGX Top 30 Index (+0.01%; +0.87% 1WK; +32.98% YTD), NGX Premium Index (+0.03%; +1.18% 1WK; +36.52% YTD), NGX Industrial Index (+0%; -0.16% 1WK; +73.14% YTD), NGX Oil & Gas Index (-0.01%; +5.71% 1WK; +38.11% YTD), NGX Main Board Index (-0.08%; +0.44% 1WK; +35.48% YTD), and NGX Banking Index (-0.08%; +2.11% 1WK; -7.54% YTD).
