Equity market investors gain N306bn as NGXASI appreciates by 0.50%
Nigeria’s Equities market closed positive on Thursday, as the NGX-ASI increased to 97,783.81 from 97,296.57 recorded at the close of the previous trading day, indicating a YTD return of +30.77%.
Market capitalization increased by N306 billion to N59.275 trillion from N58.969 trillion recorded at the previous trading day’s close. However, the market turnover increased to N10.811 billion from N10.285 billion.
At the end of today’s trading session on the Nigerian Stock Exchange (NGX), a total of 632,741,250 shares in 8,404 deals, corresponding to a market value of NGN 10,811,026,140.14, were traded.
Compared with the previous NGX trading day (Wednesday, November 27), today’s data shows 23% decline in volume, 5% improvement in turnover, but 10% decline in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 59.3 trillion.
In the aggregate, 125 NGX listed equities participated in trading, ending with 28 gainers and 29 losers. Vitafoam Nigeria led the gainers with 9.81% share price appreciation closing at NGN 23.50 per share, followed by Aradel Holdings (+9.23%), FTN Cocoa Processors (+7.82%) and Sovereign Trust Insurance (+6.25%).
On the losing side, Prestige Assurance Company came out last with an end-of-day price depreciation of 10% at NGN 0.81 per share, followed by Unilever Nigeria (-9.97%), Austin Laz & Company (-9.96%) and John Holt (-9.9%). FBN Holdings recorded the highest volume of 167 million traded shares, followed by Haldane McCall (119m), Guinea Insurance (41.3m) and Cutix (38.5m).
Regarding the performance of NGX market indices, the benchmark NGX All-Share Index (ASI) moved up 487.24 (0.5%) points to close at 97,783.81, representing a 1-week loss of 0.21%, a 4-week gain of 0.14%, and an overall year-to-date gain of 30.77%.
Other remarkable indices that performed were the NGX Top 30 Index (+0.16%; -0.35% 1WK; +31.8% YTD), NGX Banking Index (+0.74%; -2.08% 1WK; +13.28% YTD), NGX Main Board Index (+0.58%; -0.1% 1WK; +36.95% YTD), NGX Premium Index (+0.36%; -0.42% 1WK; +27.81% YTD), NGX Pension Index (+0.32%; -0.82% 1WK; +32.02% YTD), and NGX Insurance Index (+0.23%; +4.25% 1WK; +54.51% YTD).
