Equity investors record N38.24bn loss as NGX-ASI declines by 0.07%
Nigeria’s Equities Market closed negative on Tuesday by 0.07% as the NGX-ASI decreased to 99,051.02 from 99,118.86 recorded at the close of the previous trading day; indicating a YTD return of +32.47%
Market capitalization decreased by N38 billion to N56.032 trillion from N56.070 trillion recorded at the close of the previous trading day, and the market turnover also increased to N7.656 billion from N5.237 billion.
At the end of today’s trading session, a total of 347,388,621 shares in 8,122 deals, corresponding to a market value of NGN 7,656,372,196.32, were traded. Compared with the previous NGX trading day (Monday, June 3), today’s data shows 46% improvement in turnover. The current market capitalization of the Nigerian Stock Exchange is NGN 56 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 19 gainers and 22 losers. Nigerian Breweries led the gainers with 10% share price appreciation closing at NGN 28.60 per share, followed by Presco (+9.99%), Oando (+9.65%) and RT Briscoe (+9.62%).
On the losing side, Tantalizers came out last with an end-of-day price depreciation of 10% at NGN 0.45 per share, followed by International Energy Insurance (-9.71%), UPDC (-9.7%) and Unity Bank (-9.42%). Veritas Kapital Assurance recorded the highest volume of 59.2 million traded shares, followed by Fidelity Bank (48.1m), Oando (28m) and Unity Bank (20.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 67.84 (-0.07%) points to close at 99,051.02, representing a 1-week gain of 0.68%, a 4-week gain of 0.84%, and an overall year-to-date gain of 32.47%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.06%; +0.59% 1WK; +31.35% YTD), NGX Consumer Goods Index (+0.36%; +1.08% 1WK; +39.93% YTD), NGX Main Board Index (+0.11%; +0.72% 1WK; +33.99% YTD), NGX Industrial Index (+0%; -0.02% 1WK; +72.93% YTD), NGX Oil & Gas Index (+0%; +5.16% 1WK; +23.11% YTD), and NGX Premium Index (-0.34%; +0.75% 1WK; +35.48% YTD).
