Equity Market bearish as NGX-ASI declines by 0.57%
Nigeria’s Equities market closed negative on Wednesday, as the NGX-ASI decreased to 96,567.24 from 97,123.61 recorded at the close of the previous trading day, indicating a YTD return of +29.15%.
Market capitalization decreased by N337 billion to 58.514 trillion from N58.852 trillion recorded at the close of the previous trading day. Also, The market turnover decreased to N10.041 billion from N25.570 billion.
At the end of today’s trading session, a total of 418,386,118 shares in 9,021 deals, corresponding to a market value of NGN 10,041,256,241.77, were traded. Compared with the previous NGX trading day (Tuesday, November 5), today’s data shows 23% decline in volume, 50% decline in turnover, and 16% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 58.5 trillion.
In the aggregate, 126 NGX listed equities participated in trading, ending with 20 gainers and 22 losers. Eunisell Interlinked led the gainers with 9.87% share price appreciation closing at NGN 7.46 per share, followed by Regency Alliance Insurance (+9.3%), Veritas Kapital Assurance (+9.17%) and Daar Communications (+8.93%).
On the losing side, United Bank for Africa came out last with an end-of-day price depreciation of 9.99% at NGN 31.55 per share, followed by Oando (-9.98%), Thomas Wyatt Nigeria (-9.79%) and National Salt Company (-7.83%). Sterling Bank recorded the highest volume of 79.6 million traded shares, followed by United Bank for Africa (78.9m), Access Holdings (44.4m) and Jaiz Bank (43.6m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) dropped 556.37 (-0.57%) points to close at 96,567.24, representing a 1-week loss of 1.49%, a 4-week loss of 0.94%, but an overall year-to-date gain of 29.15%.
Other remarkable indices that performed were the NGX Top 30 Index (-0.5%; +0.06% 1WK; +31.57% YTD), NGX Oil & Gas Index (+0.8%; +3.42% 1WK; +125.91% YTD), NGX Insurance Index (+0.49%; -0.34% 1WK; +37% YTD), NGX Industrial Index (+0.03%; -0.13% 1WK; +27.23% YTD), NGX Consumer Goods Index (-0.13%; +0.2% 1WK; +38.8% YTD), and NGX Premium Index (-0.46%; +0.8% 1WK; +25.89% YTD).
