Equity investors lose N23.23bn as NGXASI declines by 0.04%
Nigeria’s equities market closed negative on Friday , as the NGX-ASI decreased to 100,022.03 from 100,065.68 recorded at the close of the previous trading day; indicating a YTD return of +31.62%.
The market performance for the week decreased by 0.04% to 100,022.03 from 100,057.49 recorded at the beginning of the week.
Market capitalization also decreased by N23.35 billion to N56,580 trillion from N56,604 trillion recorded at the close of the previous trading day, the market turnover decreased to N6.022 billion from N12.561 billion.
At the end of the last weekday of trading , a total of 412,663,703 shares in 8,551 deals, corresponding to a market value of NGN 6,022,164,628.66, were traded. Compared with the previous NGX trading day (Thursday, July 4), today’s data shows 52% decline in volume, 52% decline in turnover, but 8% 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 32 gainers and 26 losers. Conoil led the gainers with 10% share price appreciation closing at NGN 126.50 per share, followed by Oando (+9.68%), Veritas Kapital Assurance (+9.52%) and Daar Communications (+9.09%). On the losing side, UPDC Real Estate Investment Trust came out last with an end-of-day price depreciation of 10% at NGN 4.50 per share, followed by Julius Berger Nigeria (-9.59%), Ikeja Hotel (-9.15%) and Associated Bus Company (-8.57%). Oando recorded the highest volume of 53.8 million traded shares, followed by Aiico Insurance (30.8m), Veritas Kapital Assurance (26.6m) and Chams (23.2m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 41.29 (-0.04%) points to close at 100,022.03, representing a 1-week loss of 0.04%, a 4-week gain of 0.98%, and an overall year-to-date gain of 33.77%. Other remarkable indices that performed were the NGX Top 30 Index (-0.24%; -0.27% 1WK; +32.62% YTD), NGX Oil & Gas Index (+1.59%; +3.01% 1WK; +42.28% YTD), NGX Industrial Index (+0.12%; +0.22% 1WK; +73.53% YTD), NGX Main Board Index (+0.02%; +0.27% 1WK; +35.95% YTD), NGX Premium Index (-0.14%; -0.52% 1WK; +35.78% YTD), and NGX Consumer Goods Index (-0.25%; -0.69% 1WK; +40.08% YTD).
