Investors gain N1.24trn as NGX-ASI advances by 2.22%
Nigeria’s Equities Market closed positive on Monday by 2.22% as the NGX-ASI increased to 104,674.67 from 102,401.88 recorded at the close of the previous trading day; indicating a YTD return of +39.99%.
Market capitalization increased by N1.24trillion to N57.282 trillion from N56.038 trillion recorded at the close of the previous trading day, Also, the market turnover increased to N25,938 billion from N8.851 billion.
At the end of the first weekday of trading , a total of 689,928,236 shares in 15,887 deals, corresponding to a market value of NGN 25,937,803,698.53, were traded. Compared with the previous NGX trading day (Friday, January 26), today’s data shows 33% improvement in volume, 193% improvement in turnover, and 41% improvement in deals. The current market capitalization of the Nigerian Stock Exchange is NGN 57.3 trillion.
In the aggregate, 124 NGX listed equities participated in trading, ending with 24 gainers and 38 losers. Oando led the gainers with 9.96% share price appreciation closing at NGN 13.80 per share, followed by Dangote Cement (+9.93%), Tripple Gee & Co. (+9.89%) and Berger Paints (+9.81%).
On the losing side, Ikeja Hotel came out last with an end-of-day price depreciation of 10% at NGN 6.75 per share, followed by Daar Communications (-10%), Cadbury Nigeria (-9.8%) and NPF Microfinance Bank (-8.88%).
Japaul Gold and Ventures recorded the highest volume of 83.9 million traded shares, followed by Transcorp Nigeria (42.8m), Zenith Bank (34.5m) and Access Holdings (34.1m).
