Equity investors records N132.65bn loss as NGXASI declines by 0.24%

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Nigeria’s Equities Market closed negative on Tuesday by 0.24% as the NGX-ASI decreased to 97,473.98 from 97,708.74 recorded at the close of the previous trading day; indicating a YTD return of +30.36%

 Market capitalization decreased by N132.64 billion to N55.132 trillion from N55.265 trillion recorded at the close of the previous trading day, while the market turnover decreased to N5.813 billion from N11.377 billion.

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In the aggregate, 119 NGX listed equities participated in trading, ending with 22 gainers and 20 losers. Learn Africa led the gainers with 10% share price appreciation closing at NGN 3.63 per share, followed by Tantalizers (+10%), McNichols (+9.89%) and Regency Alliance Insurance (+9.37%).

On the losing side, Dangote Sugar Refinery came out last with an end-of-day price depreciation of 10% at NGN 40.50 per share, followed by PZ Cussons Nigeria (-10%), The Initiates (-10%) and FCMB Group (-9.88%). Access Holdings recorded the highest volume of 33.2 million traded shares, followed by Guaranty Trust Holding (32.3m), Nigerian Breweries (27.5m) and United Bank for Africa (22.5m).

Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) pared 234.76 (-0.24%) points to close at 97,473.98, representing a 1-week loss of 0.77%, a 4-week loss of 4.23%, but an overall year-to-date gain of 30.36%.

Other remarkable indices that performed were the NGX Top 30 Index (-0.21%; -0.67% 1WK; +29.33% YTD), NGX Industrial Index (+0.02%; -0.15% 1WK; +72.98% YTD), NGX Oil & Gas Index (+0%; -6.21% 1WK; +13.64% YTD), NGX Premium Index (-0.21%; -0.9% 1WK; +34.07% YTD), NGX Main Board Index (-0.26%; -0.45% 1WK; +31.28% YTD), and NGX Pension Index (-0.46%; -0.86% 1WK; +9.19% YTD).

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