Equity investors lose N317.70bn as NGXASI declines by 0.54%
Nigerian equities market closed negative on Monday as the NGX-ASI decreased to 96,907.73 from 97,432.02 recorded at the close of the previous trading day; indicating a YTD return of +29.60%.
Market capitalization decreased by N317.69 billion to N58.721 trillion from N59.039 trillion recorded at the close of the previous trading day. The market turnover decreased to N14.234 billion from N15.841 billion.
At the end of the first weekday of trading on the Nigerian Stock Exchange (NGX), a total of 1,223,701,632 shares in 10,386 deals, corresponding to a market value of NGN 14,233,797,363.40, were traded. Compared with the previous NGX trading day (Friday, November 1), today’s data shows 38% improvement in volume, 10% decline in turnover, but 18% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 58.7 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 17 gainers and 31 losers. United Bank for Africa led the gainers with 10% share price appreciation closing at NGN 31.90 per share, followed by John Holt (+10%), Eunisell Interlinked (+9.96%) and Sterling Bank (+5.96%). On the losing side, Caverton Offshore Support Group came out last with an end-of-day price depreciation of 10% at NGN 1.80 per share, followed by Aradel Holdings (-9.99%), Oando (-9.98%) and FTN Cocoa Processors (-9.9%). Consolidated Hallmark Holdings recorded the highest volume of 567 million traded shares, followed by United Bank for Africa (241m), Sterling Bank (122m) and Sovereign Trust Insurance (59.4m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) dropped 524.29 (-0.54%) points to close at 96,907.73, representing a 1-week loss of 1.82%, a 4-week loss of 0.82%, but an overall year-to-date gain of 29.6%. Other remarkable indices that performed were the NGX Top 30 Index (-0.02%; -0.19% 1WK; +31.66% YTD), NGX Banking Index (+1.13%; +2.83% 1WK; +12.84% YTD), NGX Pension Index (+0.33%; +0.68% 1WK; +30.78% YTD), NGX Consumer Goods Index (+0.21%; +0.26% 1WK; +39.05% YTD), NGX Industrial Index (+0%; -0.19% 1WK; +27.27% YTD), and NGX Premium Index (-0.08%; -0.77% 1WK; +25.08% YTD).
