Equity investors record N73.85bn loss as NGXASI declines by 0.13%

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 Nigeria’s Equities Market closed negative  on  Wednesday by 0.13% as the NGX-ASI decreased to 97,343.42 from 97,473.98 recorded at the close of the previous trading day; indicating a YTD return of +30.18%

Market capitalization decreased by N73.85 billion to N55,058.39 trillion from N55.132 trillion recorded at the close of the previous trading day, while the market turnover increased to N7.142 billion from N5.813 billion.

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At the end of today’s trading session , a total of 290,222,945 shares in 7,328 deals, corresponding to a market value of NGN 6,347,858,192.26, were traded. Compared with the previous NGX trading day (Tuesday, May 14), today’s data shows 5% decline in volume, 15% improvement in turnover, but 8% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 55.1 trillion.

In the aggregate, 123 NGX listed equities participated in trading, ending with 13 gainers and 31 losers. Custodian & Allied led the gainers with 9.63% share price appreciation closing at NGN 10.25 per share, followed by International Energy Insurance (+9.29%), Sovereign Trust Insurance (+7.89%) and NPF Microfinance Bank (+7.1%).

 On the losing side, PZ Cussons Nigeria came out last with an end-of-day price depreciation of 10% at NGN 20.25 per share, followed by FTN Cocoa Processors (-10%), Sterling Bank (-9.89%) and The Initiates (-9.78%). Guaranty Trust Holding recorded the highest volume of 71.9 million traded shares, followed by Access Holdings (24.2m), Tantalizers (21.3m) and Prestige Assurance Company (17.5m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 130.56 (-0.13%) points to close at 97,343.42, representing a 1-week loss of 0.9%, a 4-week loss of 2.47%, but an overall year-to-date gain of 30.18%.

Other remarkable indices that performed were the NGX Top 30 Index (-0.16%; -0.87% 1WK; +29.13% YTD), NGX Premium Index (+0.01%; -1.04% 1WK; +34.09% YTD), NGX Industrial Index (+0%; +0.07% 1WK; +72.99% YTD), NGX Oil & Gas Index (+0%; -6.21% 1WK; +13.64% YTD), NGX Consumer Goods Index (-0.2%; -2.15% 1WK; +36.22% YTD), and NGX Main Board Index (-0.23%; -0.57% 1WK; +30.98% YTD).

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