Equity investors lose N68.49bn as NGXASI declines by 0.12%
Nigeria’s equities market closed negative Wednesday as the NGX-ASI decreased to 100,365.17 from 100,486.12 recorded at the close of the previous trading day; indicating a YTD return of +34.23%.
Market capitalization also decreased by N68.49 billion to N56.830 trillion from N56.899 trillion recorded at the close of the previous trading day. The market turnover increased to N8.605 billion from N3.626 billion.
At the end of today’s trading session , a total of 497,842,944 shares in 8,412 deals, corresponding to a market value of NGN 8,605,259,125.34, were traded. Compared with the previous NGX trading day (Tuesday, July 23), today’s data shows 77% improvement in volume and 137% improvement in turnover. The current market capitalization of the Nigerian Stock Exchange is NGN 56.8 trillion.
In the aggregate, 117 NGX listed equities participated in trading, ending with 17 gainers and 21 losers. International Breweries led the gainers with 10% share price appreciation closing at NGN 4.07 per share, followed by Sovereign Trust Insurance (+10%), Deap Capital Management & Trust (+9.8%) and The Initiates (+7.5%). On the losing side, Secure Electronic Technology came out last with an end-of-day price depreciation of 9.43% at NGN 0.48 per share, followed by RT Briscoe (-8.22%), United Bank for Africa (-5.07%) and Livestock Feeds (-4.56%). FCMB Group recorded the highest volume of 134 million traded shares, followed by Access Holdings (72.8m), Zenith Bank (60.1m) and United Bank for Africa (29.1m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 120.95 (-0.12%) points to close at 100,365.17, representing a 1-week gain of 0.33%, a 4-week gain of 0.99%, and an overall year-to-date gain of 34.23%. Other remarkable indices that performed were the NGX Top 30 Index (-0.15%; +0.45% 1WK; +33.16% YTD), NGX Insurance Index (+0.38%; -4.12% 1WK; +17.87% YTD), NGX Industrial Index (+0.03%; +0.05% 1WK; +73.81% YTD), NGX Oil & Gas Index (+0%; +0.13% 1WK; +44.08% YTD), NGX Main Board Index (-0.04%; +1.04% 1WK; +37.37% YTD), and NGX Consumer Goods Index (-0.22%; -0.34% 1WK; +39.31% YTD).
